Trinity Capital announced that it has acquired Equipment Leasing Services (ELS), a provider of flexible equipment finance solutions serving businesses across the Southwest in industries including manufacturing, transportation, construction, and aerospace.
Founded more than 25 years ago, ELS has built an established originations platform and recurring income business through partnerships with middle market, regional, and community banks. Trinity said the acquisition is expected to strengthen its position in equipment financing while adding a new income-generating business to its broader platform.
Trinity Capital, an alternative asset manager traded on Nasdaq under the ticker TRIN, said the acquisition aligns with its strategy of expanding non-dilutive financing solutions for capital-intensive companies across sectors such as aerospace, manufacturing, robotics, and energy.
Kyle Brown, Chief Executive Officer of Trinity Capital, emphasized that the transaction is expected to enhance the company’s revenue opportunities and accelerate future growth initiatives. The company believes ELS’ existing originations pipeline and long-standing customer relationships will complement Trinity’s current equipment finance operations.
ELS will continue to operate as a standalone portfolio company under Trinity Capital ownership. Alex Powell and the existing ELS leadership team will remain in place to maintain continuity for customers, employees, and partners.
Ryan Little, Senior Managing Director of Equipment Finance at Trinity Capital, said the acquisition broadens Trinity’s financing capabilities and positions the company to provide more flexible solutions at greater scale for its partners and customers.
The financial terms of the transaction were not disclosed.
KEY QUOTES:
“We are excited to join forces with a firm whose strategy, culture, and vision align with our own. We expect the addition of ELS’ originations pipeline will drive revenue, strengthen our position as a leading provider of equipment financing, and help unlock the next phase of growth for Trinity, providing increased returns for our platform and shareholders.”
Kyle Brown, Chief Executive Officer, Trinity Capital
“This is an exciting step for ELS as we come together with Trinity Capital. We share a strong commitment to our customers’ success and bring strengths that complement each other well. By joining forces, we are well positioned for strategic growth in the equipment finance space and will continue to expand our support to customers in key markets.”
Alex Powell, CEO, Equipment Leasing Services
“This acquisition represents a significant milestone for Trinity. By combining complementary strengths and expanding equipment financing capabilities, Trinity is positioned to deliver greater scale and more flexible financing solutions for our partners.”
Ryan Little, Senior Managing Director of Equipment Finance, Trinity Capital
