Utica Leaseco announced the completion of a new capital lease transaction in the amount of $2.5 million during the week of February 1, 2016. The transaction helped provide needed growth capital for a newly-formed construction equipment rental company located in New Orleans.

Utica was able to provide the needed capital by unlocking the equity that existed in the company’s high-reach lift equipment. Utica was able to assist this new American business by financing its equipment, not its credit.