Utica Equipment Finance closed a $3.1 million capital lease for a Permian Basin-based oilfield services and aggregates provider. The lease is secured by heavy construction equipment, site development machinery, and aggregate processing assets, providing the company with the ability to refinance existing debt and enhance working capital flexibility.
The client offers a range of services including road construction, fracking pit installation, trenching, remediation, and weed control, while also supplying in-house aggregates such as caliche, crushed rock, and chat. With the new capital lease, the company aims to optimize its balance sheet, ensure uninterrupted operations across multiple sites, and pursue strategic growth initiatives throughout the region.
The transaction reflects Utica’s ongoing commitment to offering tailored financing solutions that promote operational efficiency and sustainable expansion in key infrastructure and energy-related sectors.
Utica Equipment Finance provides equipment financing solutions from $1 million to $50 million to companies across a wide range of industries.
