Merchant bank BDT Capital Partners has made a majority equity investment in accounts receivable and equipment finance company Commercial Credit.
With this transaction, Commercial Credit, one of the largest independent commercial finance companies, will be able to expand its accounts receivable and equipment financing businesses.
Commercial Credit President and CEO Dan McDonough commented, “We’re thrilled to partner with BDT. Their culture, way of doing business and long-term perspective mirror ours and their patient capital will support the growth of our company, the development of our people and our ability to deliver superior customer service in the years to come. We thank Lovell Minnick for their support over the past seven years and appreciate their dedication and loyalty to our business and employees.”
