Gibraltar Equipment Finance closed a $1.75 million equipment lease to support an electric utility infrastructure services company. The new capital equipment facility supports the company’s recent geographical footprint expansion. The company provides repair, remanufacturing, decommissioning, recycling and maintenance services to utilities, municipalities and other electric supply companies. The company sought to fund its expansion without disturbing its senior and mezzanine debt arrangements. While a real estate investor built a new manufacturing facility for the company supported by a long-term lease, GEF funded all the capital equipment needed to serve the utility
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