Utica Equipment Finance completed two transactions totaling $16.5 million in the first week of October.
In the first transaction, Utica completed a portfolio acquisition of equipment finance transactions valued at approximately $10 million. This acquisition enhances Utica’s portfolio of asset-based financing, further supporting its growth strategy.
The second transaction was a $6.5 million capital lease secured by manufacturing and analytical testing equipment, including drying ovens, air handlers and chillers, for a pharmaceutical manufacturer based in the Southeast. The funding will provide working capital to support the company’s expansion, including new contracts with key industry partners.
