Trinity Capital, an alternative asset manager, acquired Equipment Leasing Services (ELS), a provider of flexible equipment finance options to businesses across the Southwest in various sectors including manufacturing, transportation, construction and aerospace.
With over 25 years in operation, ELS brings an established originations platform, recurring income stream and long-standing reputation as a preferred outsourced equipment leasing partner to middle market, regional and community bank partners.
“We are excited to join forces with a firm whose strategy, culture and vision align with our own,” Kyle Brown, CEO of Trinity Capital, said. “We expect the addition of ELS’ originations pipeline will drive revenue, strengthen our position as a leading provider of equipment financing and help unlock the next phase of growth for Trinity, providing increased returns for our platform and shareholders.”
ELS’ leadership team, including CEO Alex Powell, will continue to lead the business as a standalone portfolio company of Trinity Capital. Powell’s continued leadership will help to ensure continuity for existing customers, employees, and partners.
“This is an exciting step for ELS as we come together with Trinity Capital,” Powell said. “We share a strong commitment to our customers’ success and bring strengths that complement each other well. By joining forces, we are well positioned for strategic growth in the equipment finance space and will continue to expand our support to customers in key markets.”
Ryan Little, senior managing director of equipment finance at Trinity Capital, added, “This acquisition represents a significant milestone for Trinity. By combining complementary strengths and expanding equipment financing capabilities, Trinity is positioned to deliver greater scale and more flexible financing solutions for our partners.”
