Commercial Credit and BDT Capital Partners closed the their previously announced equity investment. The transaction will give BDT a majority equity stake in one of the largest independent commercial finance companies in the U.S.
Commercial Credit, the parent company of equipment finance company Commercial Credit Group and accounts receivable finance company Commercial Funding, has originated over $4 billion in financing for small and mid-sized businesses in the U.S. and Canada since its founding in 2004.
President and CEO Dan McDonough commented, “Our relationship with BDT is off to a great start. The seamless and timely closing is reflective of our combined effort and similar cultures. I thank all of our constituencies that worked diligently to achieve such a good outcome.”
“It has been a productive beginning to our partnership with Commercial Credit, and we look forward to supporting the growth and development of the company as it continues to expand its equipment and accounts receivable financing businesses,” said Dan Jester, president of BDT Capital Partners.
BDT Capital Partners provides family- and founder-led businesses with long-term, differentiated capital. The firm manages more than $9 billion across its investment funds and an additional $4.6 billion of co-investments from its global limited partner investor base.