The PEAC family of finance companies is pushing ahead with global expansion, with the news that the US-based Marlin Leasing Corporation has been acquired by funds managed by HPS Investment Partners and will be rebranded as PEAC Solutions. The PEAC family of finance companies includes PEAC UK and PEAC Europe, and collectively operates in 12 countries with balance sheet lease assets of over $5.1 billion and annual originations of more than $2.72 billion.
As Global CEO Bill Stephenson explained: “The goal of this new positioning of Marlin Capital Solutions as PEAC Solutions is to cement the creation of a seamless global entity. This will be accomplished through a completely cloud-based operations system, while providing customers with the best equipment leasing experts in the world. The PEAC Solutions brand stands for Pan-European Americas Capital Solutions.”
Marlin Leasing Corporation has been a provider of capital solutions for small businesses across the US for 25 years. In addition to supporting small business owners, Marlin offers financing programs to equipment manufacturers, distributors, dealers, and others.
Stephenson stated: “We want to build on the success that Marlin has demonstrated since its founding by folding it into our global footprint. Our goal is to provide consistent value to our customers whether they operate in Europe or in the US. This rebrand will provide the consistency we’re looking for across all HPS platforms, and we think it will provide more clarity to our clients, too. Everyone at HPS, and at Marlin, is really excited for this brand consolidation.”
Marlin Leasing Corporation will begin operating as PEAC Solutions in the coming months. The current financial products offered, and their terms, will not change for current customers. New leasing options will become available over the following months, as PEAC Solutions aligns with the product offerings of other PEAC locations.
Tom Lyle, PEAC Global COO, explained: “PEAC’s reputation throughout Europe is unmatched. By rebranding Marlin under the PEAC name, we expect that our clients and partners will experience a greater level of consistency in our product offerings and the financial solutions we are able to provide on a domestic and international level. Coming together under one brand reflects our shared ambition to be the best equipment finance company in the world.”
Speaking at an exclusive AFC webinar last month industry veteran Bill Stephenson outlined his ambition to create “the world’s largest independent asset finance provider”.
Stephenson, who retired as CEO of DLL following a 35-year career at the top of the asset finance industry told an audience of 250 delegates from around the world: “Let’s face it, there hasn’t been a new global competitor entering the marketplace in over 20 years. My aim is to build the largest global independent brand with a very strong differentiator.”