Kingsbridge Holdings LLC announced the acquisition of Technology Finance Corporation (TFC). Terms were not disclosed.

Founded in 2004, TFC is a fast-growing technology leasing company that provides financing for information technology equipment and software to businesses throughout the United States. TFC funds over $125 million of IT infrastructure leasing/finance transactions annually, sourced through a network of vendor relationships, value-added resellers, software partners and service providers. Through its application-only processing, and customized and flexible offers, TFC provides its partners and customers with a broad range of leasing and financing solutions for data center components, software (including cloud-based SAAS solutions), managed services, IT consulting and training expenditures, and laptops, tablets, monitors, printers, copiers and scanners.

"TFC represents a strong strategic addition to our existing platforms, enabling Kingsbridge to expand our offerings to the small and mid-sized business segments of the leasing market," noted Dan Flagstad, co-founder and Co-Chief Executive Officer of Kingsbridge.  "Kevin Pruett and Jeff Miller have built an outstanding platform that provides outstanding service to their vendor partners and lessee customers, and we are excited to welcome the TFC team to our company."

Kevin Pruett, co-founder and CEO of TFC shared his perspective: "This combination brings together two firms that operate in distinct but highly complementary channels, yet share common values and relationship-based approaches to partners and customers.  We look forward to contributing to Kingsbridge's continued growth and success."

Colonnade Securities LLC acted as exclusive financial advisor to Technology Finance Corporation regarding this transaction.

TFC was founded in 2004 and is based in Scottsdale, AZ, with locations in Huntington Beach and Encinitas, CA; Atlanta, GA; and Philadelphia, PA.

Kingsbridge Holdings is an independent lessor of information technology, industrial, healthcare, and commercial essential-use equipment to a diverse set of high credit quality customers. Kingsbridge is majority-owned by private equity firm TZP Group.