Announced
Completed
Synopsis
Commercial Credit, a Charlotte, NC-based equipment and accounts receivable finance company, completed the acquisition of Keystone Equipment Finance, a provider of small-ticket equipment financing specializing in the transportation and construction related industries. Financial terms were not disclosed. “The Keystone acquisition is highly attractive as it expands our transaction range in the industries to which we are committed and know well. Importantly, we share many similarities with Keystone and look forward to working with Keystone’s accomplished management team as we continue to build our differentiated independent equipment finance business. Combining our highly complementary businesses will drive new benefits for both companies, our customers, and employees,” Dan McDonough, Commercial Credit President and CEO.
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