Utica Equipment Finance completed a $3.25 million capital lease for a Texas-based company specializing in oil and gas equipment rentals.
Utica Equipment Finance recently completed two transactions totaling $7.025 million, including a $6,225,000 capital lease secured by more than 300 titled assets for a hot oil and frac water heating company.
Utica Equipment Finance completed three transactions totaling $5.15 million in the first half of March, including a $2.5 million capital lease secured by food manufacturing equipment to a ramen noodle producer in North America.
Utica Equipment Finance completed an $8.78 million capital lease secured by audio, visual and lighting equipment for a multi-location production company.
Christina Magnotta joined Utica Equipment Finance as managing director of sales. Based in Connecticut, Magnotta will be responsible for sourcing and developing client and referral relationships throughout the United States.
Utica Equipment Finance completed the funding of a capital lease secured by machinery and equipment to a manufacturing company located in the Midwest and Utica Leaseco completed the funding of a $400,000 capital lease secured by machinery and equipment to an existing customer in Texas.
Utica Equipment Finance hired Jim Quirk as director of credit and underwriting. Prior to joining Utica Equipment Finance, Quirk was vice president of credit at People’s Capital and Leasing.
Utica Leaseco promoted Renate E. LaCroix to president. LaCroix is a licensed attorney and has been with Utica Leaseco for more than 10 years.
Utica Equipment Finance completed the funding of a $5.4 million sale and lease back of cranes located throughout North America to a provider of crane services.
Stephen J. Healey joined Utica Equipment Finance, a North American provider of equipment-based term loans and leases, as a managing director.