Commercial Credit and BDT Close Equity Investment
This deal gives BDT a majority equity stake in one of the largest independent metalworking equipment finance companies in the U.S.
Posted: February 28, 2019
Commercial Credit, Inc. (Charlotte, NC) and BDT Capital Partners, LLC (Chicago, IL) have closed an equity investment transaction that gives BDT a majority equity stake in one of the largest independent commercial finance companies in the United States: Commercial Credit, 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 their founding in 2004.
“Our relationship with BDT is off to a great start,” said Dan McDonough, the president and chief executive officer of Commercial Credit Group. “This 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 they continue to expand their equipment and accounts receivable financing businesses,” added Dan Jester, the president of BDT Capital Partners.
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