Announced
Completed
Synopsis
Onset Financial, a company specializing in equipment leasing and financing, completed the acquisition of Channel, a company focused on small business lending and working capital solutions. Financial terms were not disclosed. “This acquisition positions us to lead the independent equipment finance space with unmatched resources, expertise, and combined financial strength. The exceptional leadership, industry experience, and culture that the Channel team brings to the table are a perfect match with Onset. Their deep partner network and technology-driven approach, combined with our large-scale leasing capabilities, create a powerhouse of innovation and service. We are excited for the near-term growth opportunities this creates, as we combine forces to build an even stronger future. Together, we’re not just expanding our reach, we’re setting a new standard for excellence, agility, and partnership in the industry,” Justin Nielsen, Onset Financial Founder & CEO.
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