Vermont Business Magazine North Star Leasing Company in Burlington announced today that it achieved a 54 percent increase in originations year over year through April 30th. April also marked the largest funding month on record in the company’s nearly 40-year history. Fiscal year 2018 saw North Star Leasing fund $50 million with $7 million through longstanding syndication partners. People’s United Bank continues to support the company’s growth through a previously announced $60 million expandable Senior Revolving Credit Facility.
“The North Star Leasing team continues to over-deliver to our vendors, prospects, brokers and internally as we continue to maintain a strong funding volume,” said Dan Feeney CEO of North Star Leasing. “With a very strong pipeline at month end, we anticipate this trend to continue through 2019 and beyond.”
On June 28th of this year, North Star Leasing will be celebrating its 40th anniversary. To help commemorate this milestone, the company will be presenting $40,000 to employee selected community projects and organizations. The selected amount is a nod to each of the company’s 40 years in business.
About North Star Leasing Company
Founded in 1979, North Star Leasing is a provider of equipment financing solutions for businesses in a variety of industries. For the past 40 years, North Star Leasing has focused exclusively on helping businesses grow and expand by providing lease financing for mission critical equipment. North Star Leasing is a direct funder and takes a personalized approach to each application. North Star Leasing is owned by Copley Equity Partners. www.northstarleasing.com
About Copley Equity Partners
Copley Equity Partners is a private investment firm that partners with established lower middle-market businesses. Copley invests in companies across a broad range of sectors and is comfortable in both majority or minority ownership positions. Copley invests out of an evergreen, single-family office, capital base making the firm agnostic to the standard private equity fundraising cycle. Copley’s patient and flexible capital base allows the firm to focus on providing each portfolio company significant support post investment. www.copleyequity.com
Source: May 6, 2019 – BURLINGTON, VT North Star Leasing Company