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.