FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


North Mill Equipment Finance Acquired by Specialty Finance Investor

August 10, 2018, 07:25 AM
Filed Under: Mergers & Acquisitions

North Mill Equipment Finance LLC announced it has been acquired by an affiliate of Wafra Capital Partners Inc. (WCP).

North Mill is an independent, small ticket equipment finance firm for essential-use commercial and industrial equipment, principally in the transportation, construction and manufacturing markets.

“We are excited about WCP’s investment in North Mill and are committed to its future growth,” said Michael Gontar, Chief Investment Officer at WCP. “North Mill possesses tremendous growth potential that, combined with the growth capital we are able to provide to their leading small ticket equipment finance platform, creates a compelling opportunity for our stakeholders and clients.”

“We are thrilled to be partnering with such an experienced and well-capitalized partner like WCP, especially given WCP’s management team’s successful track record in building long-term specialty finance companies for the past 20 years,” said David C. Lee, CEO of North Mill, who along with certain senior members of North Mill’s senior management team will be investors. “WCP’s investment enables us to continue developing our innovative approach to the small ticket equipment finance market through enhancement of our technology, funding and marketing infrastructure to originate new business through our national network of third-party referral agents.”

Bryant Park Capital LLC served as exclusive financial advisor to Colford Capital Holdings LLC, the seller of North Mill, in this transaction.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.