Navitas Credit, an equipment finance company, completed its acquisition by investment funds advised by Wafra, a $30 billion New York City-based global alternative asset manager, from United Community Banks for approximately $2 billion in cash after closing adjustments. Wafra entered into a definitive agreement to acquire Navitas on June 12, 2026.
The transaction marks the beginning of a new chapter for Navitas as an independent equipment finance company. With the support and partnership of Wafra, Navitas will continue to build on its market position, expand its capabilities and pursue opportunities for continued growth while remaining focused on delivering equipment financing solutions to businesses nationwide.
“Today marks an important milestone for Navitas” Mike Bruman, CEO of Navitas, said. “We are proud of what we have built and grateful to United for its partnership and support throughout our journey. As we enter this new era with Wafra, we are energized by the opportunities ahead and remain committed to continuing to build Navitas into the premier independent equipment finance company in the United States.”
Edward Tsai, head of real assets & infrastructure at Wafra, added, “Navitas is a standout equipment finance company with proven leadership, deep industry relationships and a track record of success. We are pleased to close our acquisition and to be launching our partnership with Mike and the entire Navitas team as they expand the strong capabilities of the business and further enhance its value proposition to its partners and customers.”
Navitas will operate under the Navitas Credit name and will remain headquartered in Ponte Vedra, FL.
Bank of America and Wells Fargo provided acquisition financing, as well as $1 billion of additional financing capacity to support Navitas’ continued growth. BofA Securities acted as exclusive financial advisors to United, and Squire Patton Boggs (US) served as United’s legal advisor. Sidley Austin, Chapman and Cutler, and Clifford Chance served as Wafra’s legal advisors.
