Commercial Credit, Inc. (CCI), the parent company of Commercial Credit Group Inc. (CCG), announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock by CCI and certain stockholders of CCI, including affiliates of Lovell Minnick Partners LLC and Archbrook Capital Management LLC. The number of shares to be offered and the price range has not yet been determined.
J.P. Morgan Securities LLC and Keefe, Bruyette & Woods, Inc., A Stifel Company, are serving as joint book-running managers and as representatives of the underwriters for the offering.
Commercial Credit, Inc. is an independent commercial equipment finance and leasing company that through its wholly-owned, operating subsidiaries, Commercial Credit Group Inc. and CCG Equipment Finance Limited, provides secured loans and leases to small and mid-sized businesses in the construction, fleet transportation and waste industries.