Post Road Equipment Finance (PREF) announced the closing of a $10 million lease line to a synthetic turf manufacturer. The company specializes in synthetic turf solutions across various sectors, including sports, landscaping and recreational facilities.

This strategic investment will enable the acquisition of new turf manufacturing equipment, allowing the company to increase overall output, expand production capacity, and optimize operational efficiencies. This transaction positions the company to strengthen its technological capabilities and operational scale, driving growth and increasing market share.

"We are excited to support this innovative company as they enhance their manufacturing capabilities and continue to lead in the synthetic turf industry," said Martin Ferguson, Senior Managing Director at PREF. "Our commitment to providing tailored financing solutions helps our partners achieve their strategic objectives and sustain their competitive edge. At PREF, our business model is designed to support not only end user borrowers but also banks, other intermediaries, and their customers. By partnering with various financial institutions, we ensure that our comprehensive financing solutions meet the diverse needs of the market, fostering growth and innovation across industries."

PREF was represented by Reed Smith LLP.