Company profile: Summit Funding
1.1 - Company Overview
Company description
- Provider of equipment leasing and financing solutionsβincluding operating, capital, TRAC and synthetic leases, sale-leaseback facilities, refinancing of used equipment, and equipment lines of creditβplus life cycle asset management from acquisition to disposal with implementation, asset tracking and reporting; vendor partner programs; and CARE asset tracking technology. Fourth largest independent U.S. equipment financing platform.
Products and services
- Leasing and Financing Solutions: Summit engineers multi-structure agreementsβoperating, capital, TRAC, synthetic leasesβplus sale leaseback facilities, refinancing of used equipment, and equipment lines of credit to optimize asset funding
- Vendor Partner Programs: Summit supplies channel-integrated programsβPlatinum Partner Guarantee, Express Financing, Manufacturer Captive Programsβto bolster vendor sales processes and customer service with streamlined financing engagement
- Life Cycle Asset Management: Summit delivers end-to-end oversight from acquisition to disposal, orchestrating leasing, financing, implementation, asset tracking, and reporting to manage equipment comprehensively
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Summit Funding
ACG Equipment Finance
HQ: United States
Website
- Description: Provider of personalized and financial services that help companies and individuals buy and sell equipment more easily.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full ACG Equipment Finance company profile β
Pacific Rim Capital
HQ: United States
Website
- Description: Provider of equipment leasing and asset management services, offering customized leasing solutions for agricultural and construction equipment, lifecycle asset management, and the STREAM Customer Advantage Portal to track leased assets, manage leases, and plan equipment refreshes.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Pacific Rim Capital company profile β
Engs Commercial Finance
HQ: United States
Website
- Description: Provider of commercial financing and industry-specific vendor finance programs for the truck and trailer industry, helping dealers and manufacturers sell more equipment and operators grow their fleets; one of the oldest and most respected U.S. commercial finance companies, with over $1.5B financed since 1952.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Engs Commercial Finance company profile β
GATX
HQ: United States
Website
- Description: Provider of railcar, locomotive, tank container, and aircraft spare engine leasing, serving customers in North America, Europe, India, and globally through Trifleet Leasing and a joint venture with Rolls-Royce and Partners Finance. Offers MyGATXRail, an online portal to manage railcar fleets, track orders, schedule maintenance, and monitor compliance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full GATX company profile β
Vend Lease
HQ: United States
Website
- Description: Provider of nationwide equipment financing and leasing services to suppliers and vendors across multiple industries, with a focus on the hospitality sector, helping customers obtain the equipment they need to grow their business.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Vend Lease company profile β
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Summit Funding
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Buyer group 1: ββββββββ ββββββββ
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Buyer group 2: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Summit Funding
2.2 - Growth funds investing in similar companies to Summit Funding
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4 - Top valuation comps for Summit Funding
4.2 - Public trading comparable groups for Summit Funding
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