PEAC Solutions to acquire ePlus Finance to enhance leasing capabilities
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PEAC Solutions to acquire ePlus Finance to enhance leasing capabilities
PEAC Solutions has agreed to acquire ePlus’ US financing business. The company operates in the UK, Europe, and North America. The acquisition is expected to close within the next 60 days, subject to various terms and conditions outlined by ePlus. PEAC Solutions provides finance solutions to equipment manufacturers, distributors, and dealers across diverse industries and asset classes. Earlier this month, the company launched its Green Asset Finance framework in collaboration with the Carbon Trust. It offers clients products to fund clean transportation, energy-efficient machinery, recycling facilities, and assets supporting pollution control or the circular economy.
Asset finance provider PEAC Solutions has agreed to acquire ePlus Finance, ePlus’ US financing business.
Financial terms of the transaction were not disclosed.
The ePlus Finance team focuses on providing tailored financing and leasing options for the US Federal, state, and local government entities, alongside direct and vendor-initiated leasing for enterprise clients.
Expected to close within the next 60 days, the acquisition is subject to various terms and conditions outlined by ePlus.
It is expected to enhance PEAC Solutions’ expanding IT finance operations, strengthening its expertise and capabilities in serving all levels of the US government sectors.
PEAC Solutions global CEO William Stephenson said: “By combining PEAC Solutions’ finance capabilities with the specialised knowledge and relationships from ePlus Finance, we will be able to further enhance the value that we deliver to both our vendor partners and customers.
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“We see this collaboration driving significant growth in new business, which will further validate PEAC Solution’s position as one of the top independent lessors in the US market.”
ePlus Group president Chad Fredrick added: “The ePlus Finance team has decades of experience serving Federal, State and Local markets. By joining forces with PEAC Solutions, we will further deepen our presence in these sectors while also expanding our commercial offering.
“This partnership enhances our ability to deliver a more sophisticated and scalable platform to better serve our partners and customers.”
PEAC Solutions provides finance solutions to equipment manufacturers, distributors, and dealers across diverse industries and asset classes.
The company operates in the UK, Europe, and North America.
Earlier this month, PEAC Solutions launched its Green Asset Finance framework in collaboration with the Carbon Trust.
This initiative offers clients products to fund eligible assets, including clean transportation, energy-efficient machinery, recycling facilities, and assets supporting pollution control or the circular economy.
Source: https://www.leasinglife.com/news/peac-to-acquire-eplus-finance/