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LeaseQ Announces Acquisition of Noesis

November 18, 2016, 07:05 AM
Filed Under: Mergers & Acquisitions

LeaseQ, an online marketplace connecting business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, announced the acquisition of Noesis, the leader in commercial building equipment financing, based in Austin, Texas. Noesis, now a business unit of LeaseQ, will serve as LeaseQ’s Austin presence.

“To succeed in a vertical market, you need deep industry expertise, and we’ve found that in Noesis,” said Vernon Tirey, co-founder and CEO of LeaseQ. “By acquiring the leader in building equipment financing, we are able to better serve building equipment manufacturers, distributors, contractors and their customers. Noesis has also developed powerful proprietary sales tools that helps equipment sellers articulate the value and benefits of purchasing new equipment, and LeaseQ can leverage those tools across other equipment vertical market categories to grow combined business more rapidly and efficiently.”

Noesis is the premier source for financing commercial building equipment, like LED lighting, HVAC systems, commercial refrigeration and building controls. With deep expertise in commercial building and energy equipment, Noesis brings a strong, unique set of equipment sellers to the LeaseQ platform, including leading manufacturers of energy efficiency equipment, and mechanical service and LED lighting companies. LeaseQ’s robust network of more than 300 lenders, instant quotes and real-time credit approval will enhance the Noesis customer experience with higher approval rates, lower interest rates and improved deal close rates.

“LeaseQ is a company with strong financial backing that brings scale and resources to our vertical market,” said Scott Harmon, CEO of Noesis. “We share the same vision to revolutionize the equipment finance industry one vertical at a time. Joining LeaseQ allows us to take advantage of the groundbreaking work that Vernon and his team have done, and to leverage those innovations in our vertical.”

Current Noesis customers will experience no changes to Noesis software, services or account managers, but will receive access to additional LeaseQ features over time. LeaseQ plans to expand both its sales and funding teams to support the companies’ combined growth, and to maintain Noesis’ Austin office to expand on the strong presence the team has created.

Vernon Tirey, co-founder and CEO of LeaseQ, will serve as CEO of the combined businesses. Scott Harmon, founder and CEO of Noesis, will assume a position as strategic advisor.

LeaseQ is an online marketplace that connects businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy. The LeaseQ platform is a free, cloud-based SaaS solution with a suite of on-demand software and data solutions for the equipment leasing industry. LeaseQ provides business process optimization (BPO) and information services that streamline the purchase and financing of business equipment across a broad array of vertical industry segments.

Noesis, a LeaseQ company, is the leading tech-enabled equipment leasing marketplace for financing energy-saving commercial building improvements. Noesis' innovative payment plans are designed for building equipment replacements and energy efficiency upgrades and are supported with a streamlined online application process that matches building owners to a lender in Noesis' syndicate of leading equipment leasing companies. This process results in a quick application and funding process, high approval rates, and competitive rates and terms. Started in 2011, Noesis is used by over 200 commercial HVAC, lighting, and controls companies who collectively sell billions of dollars in equipment annually.

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