Proceeds will empower Delta to further expand its business against the backdrop of a rapidly accelerating equipment financing and leasing market
CLEARWATER, Fla., Sept. 21, 2021 /PRNewswire/ — Delta Financial Group (“Delta”), an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant strategic growth investment from an affiliate of Peak Rock Capital LLC (“Peak Rock”), a leading middle-market private investment firm.
The structured growth investment will empower Delta to execute an innovative, scalable, and institutional approach to the $1.4 trillion equipment finance and leasing market. Delta, established by a team of industry professionals and military veterans, primarily focuses on enterprise scale “Fair Market Value” operating leases of mission-critical assets across a range of industries. The company’s core social impact objective is to engage and benefit the military veteran community.
“This partnership with Peak Rock is truly transformative for our business. It reflects a mutual recognition of the compelling opportunities and Delta’s unique position in the marketplace. Peak Rock’s experience in the financial and capital markets makes them an ideal partner for Delta, as we continue to originate and manage high quality assets, provide best-in-class solutions to our customers and build out an exceptional team,” said Dave Riggleman, CEO & Managing Partner of Delta Financial.
“We are excited to develop and grow our equipment finance and asset management platform. Our architecture, products, and services are carefully structured to position us for strong and sustainable growth” said Adam Woodard, CIO & Managing Partner of Delta Financial.
Nick Basso, Managing Director at Peak Rock, said, “Delta has assembled an exceptional team to capitalize on the market opportunity in equipment finance, creating an engine that powers leasing for essential equipment across a diverse universe of industries and asset classes. The team has an excellent reputation in the industry for its service, knowledge, and problem solving. We are excited to partner with Dave, Adam and the entire organization as they position Delta for rapid growth.”