EVANSVILLE, Ind. — United Leasing & Finance has acquired Access Commercial Capital of Lake Success, N.Y.
Access, an associate member of the United Motorcoach Association, serves the equipment and transportation industries through direct and indirect loans and leases on new and used specialty vehicles and commercial equipment.
The company provides essential equipment financing for medium and small business entities across the U.S. and Canada.
“Access is a wonderful strategic acquisition for United,” said Martha Ahlers, chief operating officer of United Leasing. “Not only do the various asset classes they finance fit perfectly with our existing portfolio but having a New York office extends our brand further into the East Coast and will allow us to better serve both new and existing customers,” Ahlers said.
She said the Access platform will provide originations up to $100 million dollars annually and will help United achieve its goals.
Edward P. Kaye, Access’s managing member, said the company was looking forward to the numerous growth opportunities in the market. “United’s technology resources, best-in-class funding platform and experienced leadership and employees will streamline our customer experience and support our growth and profitability for the long term,” Kaye said.
United Companies, a privately owned corporation founded in 1964, is comprised of United Leasing & Finance, Professional Transportation, Inc., and the Romain Automotive Group. It has more than 6,100 associates and direct operations in 40 states and the District of Columbia, while managing assets in all 50 states, Canada and Mexico.