Utica closed an $11,000,000 Capital Lease for a vertically integrated construction, trucking, turf-farming, and materials group operating throughout the mid-Atlantic region. Secured by a broad pool of heavy equipment including trucks, trailers, dozers, excavators, graders, loaders, and turf-farm machinery. This financing will be used to refinance existing equipment and other debt and to provide working capital across the enterprise.

The lease supports core site-work, land development, trucking, and turf production services and will consolidate multiple existing lender relationships into a single financing facility. The transaction is expected to generate meaningful annual debt-service savings and improve liquidity, enabling the group to pursue backlog projects and maintain uninterrupted operations across dozens of active job sites in the region.

For more equipment finance and leasing industry news, visit Equipment Finance Advisor.