Menu
Search

Commercial Credit, Inc. and BDT Capital Partners Close Equity Investment

by Sara Smith | Feb 28, 2019
Commercial Credit, Inc. and BDT Capital Partners have closed the equity investment announced earlier this month. The transaction gives BDT a majority equity stake in one of the largest independent commercial finance companies in the United States.

Commercial Credit, Inc., the parent company of equipment finance company Commercial Credit Group Inc., and accounts receivable finance company Commercial Funding Inc., has originated over $4 billion in financing for small and mid-sized businesses in the U.S. and Canada since its founding in 2004.

President and CEO Dan McDonough states, “Our relationship with BDT is off to a great start. The seamless and timely closing is reflective of our combined effort and similar cultures. I thank all of our constituencies that worked diligently to achieve such a good outcome.”

“It has been a productive beginning to our partnership with Commercial Credit, and we look forward to supporting the growth and development of the company as it continues to expand its equipment and accounts receivable financing businesses,” said Dan Jester, President of BDT Capital Partners.

About Commercial Credit, Inc.
Commercial Credit, Inc., through its wholly owned subsidiaries Commercial Credit Group Inc. and Commercial Funding Inc., provides equipment loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing, and waste industries, and accounts receivable factoring in a variety of industries. Since its inception in 2004, the Company has originated over $4 billion of finance receivables. The company’s sales force is located throughout North America, is headquartered in Charlotte, NC and operates full-service offices in Buffalo, NY, Naperville, IL, Hamilton, ON and Salt Lake City, UT. For more information, please visit www.commercialcreditgroup.com, and www.commercialfund.com.

About BDT Capital Partners

BDT Capital Partners provides family- and founder-led businesses with long-term, differentiated capital. The firm manages more than $9 billion across its investment funds and an additional $4.6 billion of co-investments from its global limited partner investor base. The firm’s affiliate, BDT & Company, is a merchant bank that works with family- and founder-led businesses to pursue their strategic and financial objectives. BDT & Company provides solutions-based advice and access to a world-class network of business owners and leaders.

 

###

Media Contact Information:

Commercial Credit, Inc.
Julie Murphy
704-944-2771
jmurphy@commercialcreditgroup.com

CECA2020-569x160-webbanner-01
MarchCover

subscribeAd0404