Utica Equipment Finance announced the completion of a transaction totaling $15,500,000 in the fourth week of July.

The $15,500,000 capital lease secured by forestry equipment, excavators, dozers, wheel loaders, and trucks for a company located in the Northeast. The company provides integrated temporary roadways to remote construction sites, offering access mats through lease, rental, and sale arrangements via a regional distribution network to customers primarily in the Northeast and Mid-Atlantic regions. They also provide site evaluations and design access plans, helping to navigate difficult terrain and mitigate environmental disruption, especially in federally protected wetlands. Utica’s funding was used to acquire two companies and pay off outstanding debt.

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.