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Utica Equipment Finance Completes $8MM Transaction for Wood Processing Company

January 31, 2023, 07:51 AM
Filed Under: Specialty Industries

Utica Equipment Finance completed an $8,000,000 transaction on January 25, 2023.  

The $8,000,000 capital lease is for an equity group owned wood processing company with multiple locations in the south. The company transforms urban wood, construction debris and yard waste into soil-regenerating compounds, organic compost, blended soils, mulch, and energy pellets on an industrial scale. The company was started with the acquisition of two existing companies. They completed a third acquisition mid-way through 2022 to expand locations. Utica’s funding allowed the company to recover working capital from these capital expenditures.

Utica Equipment Finance provides companies in a wide array of industries with collateral and credit-based equipment financing products ranging from $1,000,000 to $50,000,000.

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