Utica Funds $11 Million Capital Lease for Regional Construction, Trucking and Turf Operations

Utica is pleased to announce the closing of an $11,000,000 capital lease for a vertically integrated construction, trucking, turf-farming, and materials group operating throughout the mid-Atlantic region. Secured by a broad pool of heavy equipment including trucks, trailers, dozers, excavators, graders, loaders, and turf-farm machinery. This financing will be used to refinance existing equipment and other debt and to provide working capital across the enterprise.

The lease supports core site-work, land development, trucking, and turf production services and will consolidate multiple existing lender relationships into a single financing facility. The transaction is expected to generate meaningful annual debt-service savings and improve liquidity, enabling the group to pursue backlog projects and maintain uninterrupted operations across dozens of active job sites in the region.

Utica’s financing underscores its continued focus on delivering tailored equipment-finance solutions that help middle-market infrastructure and materials businesses optimize capital structure, stabilize operations, and position for growth.

Utica Equipment Finance provides companies across various industries with collateral and credit-based equipment financing products ranging from $2,000,000 to $50,000,000. (www.uticaef.com)