Westport, CT – July 29, 2024 – Post Road Equipment Finance ("PREF") is pleased to announce the closing of a $10 million lease line to a leading synthetic turf manufacturer. The company specializes in synthetic turf solutions across various sectors, including sports, landscaping, and recreational facilities.
This strategic investment will enable the acquisition of new turf manufacturing equipment, allowing the company to increase overall output, expand production capacity, and optimize operational efficiencies. This transaction positions the company to strengthen its technological capabilities and operational scale, driving growth and increasing market share.
"We are excited to support this innovative company as they enhance their manufacturing capabilities and continue to lead in the synthetic turf industry," said Martin Ferguson, Senior Managing Director at PREF. "Our commitment to providing tailored financing solutions helps our partners achieve their strategic objectives and sustain their competitive edge. At PREF, our business model is designed to support not only end user borrowers but also banks, other intermediaries, and their customers. By partnering with various financial institutions, we ensure that our comprehensive financing solutions meet the diverse needs of the market, fostering growth and innovation across industries."
PREF was represented by Reed Smith LLP.
About Post Road Equipment Finance
Launched in June 2017, Post Road Equipment Finance provides loans and leases ranging in size from $5 million to $75 million secured by essential-use equipment. The platform provides financing to both privately owned (sponsor and non-sponsor) and publicly traded companies across a wide range of collateral types and industries (including, but not limited to, construction, distribution, energy, food processing, health care, information technology, manufacturing, mining, paper & packaging, and transportation). To learn more, visit http://postroadef.com.