Fifth Third Bank Provides a New $25 Million Asset Based Lending Revolving Credit Facility to Support the Acquisition of Capital Pump & Equipment, LLC

Fifth Third Bank announced it has provided a new $25 million asset-based lending revolving credit facility to support the acquisition of Capital Pump & Equipment, LLC, based in Chandler, AZ.

About Capital Pump & Equipment, LLC.

On August 31, 2022, Harkness Capital Partners ("HCP"), a New York-based private equity firm focused on investments in leading service-oriented companies, completed an investment in Capital Pump & Equipment ("CPE"), a specialty pump rental and services platform based in Chandler, Arizona. HCP brings deep operating experience in specialty rental and in partnering with management teams in support of business building and growth initiatives. Fifth Third Bank provided a new Revolving Credit Facility to assist in facilitating the investment and to provide funding going forward to support CPE's growth strategy and build-out of new branch locations. CPE is a leading specialty pump rental and services platform in the southwestern United States. Founded in 2013 by Tom Henderson, CPE provides high-capacity pumps and related equipment for rent and value-added services and expertise. CPE is led by Tom Henderson and Dan Foley and has long standing relationships with contractors and industrial customers managing large infrastructure, industrial, municipal and construction projects. For more information, please visit www.cpepumps.com and www.harknesscapital.com.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

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