State Financial Services Corporation, a bank holding company, announced that it has entered into an Agreement to acquire 80% of m2 Lease Funds LLC ("M2 Lease Funds"). The transaction is structured as a cash purchase and is subject to regulatory approval.
M2 Lease Funds, headquartered in Madison, Wisconsin, was founded in 1998 by its chief executive officer, John R. Englebrecht. The company provides general equipment lease financing for small and middle market companies located throughout the United States.