Stonebriar Commercial Finance announced the closing of a $23 million equipment lease with a privately held market leader in the industrial equipment rental business. The leased assets consist of new and late model aerial lift equipment. This lease represents Stonebriar’s second closed transaction with the lessee and its affiliates.
Brian Daley, Stonebriar Managing Director, stated, “This transaction was an example of terrific collaboration and creativity among Stonebriar, our client, and the original equipment manufacturer. Together we were able to structure a lease that met the critical objectives of all stakeholders including a fully underwritten solution, limited recourse to various lessee affiliates, desired tax and accounting profiles, as well as proper sale treatment for the manufacturer.” Brian added, “We hold this management team, the quality and diversity of the rental fleet, and the company’s operational expertise in the highest of regards. This follow-on transaction represents a welcomed expansion of a highly valued client relationship.”
Stonebriar Commercial Finance, founded in 2015 and based in Plano, TX, is a leading provider of large ticket finance and lease solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar finances and leases assets located primarily in North America and select other jurisdictions worldwide through four distinct platforms: General Equipment, Aviation Capital, Rail Leasing, and Real Estate, a provider of SBA-supported solutions.
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