For Immediate Release
LAKE SUCCESS, NEW YORK, August 3, 2015 -Advantage Funding, a leading provider of U.S. ground transportation financing and leasing solutions, announced today that the planned acquisition by Macquarie Group Limited officially closed July 31, 2015.
Advantage Funding serves commercial and vocational vehicle operators, dealers and manufacturers nationwide. Macquarie’s complementary leasing and financing expertise is conducive to the strategic growth plans of both companies, according to Al Damiani, Advantage Funding’s president and CEO.
Advantage Funding, founded in 1997, got its start by providing financing for commercial vehicles, such as ambulances, limousines and motor coach buses. In recent years, however, Damiani said, the firm has rapidly expanded to meet the needs of operators and dealers of vocational trucks typically used in municipal, industrial and construction operations.
The acquisition by Macquarie will enable AF to build on the strength of its streamlined operations to provide a broader spectrum of products and services to our customers. Advantage Funding also has a robust inventory of refurbished vehicles and consignments, which can be viewed online at www.advantagefund.com. The vehicles are maintained and sold at an Advantage Funding-owned facility in Brookhaven, NY.
About Macquarie Group
Macquarie Group is a global financial services provider with offices in 28 countries. Its expertise covers advisory and capital markets, trading and hedging, funds management, asset finance, financing, research and retail financial services. Macquarie’s corporate and asset finance division specializes in the aircraft, motor vehicle, technology, healthcare, manufacturing, industrial, energy, rail and mining sectors. Its lending business specializes in corporate and real estate investing and lending. As at March 31, 2015 Macquarie had $28.7 billion globally in loans and leases under management.
For further information, please contact:
Susan Carol & Associates
Tel: +1 540 361 1274