Navitas Lease announced the purchase of Liberty Financial in order to accelerate its entry into the vocational vehicle and related equipment marketplace.
Navitas will now expand its direct lending capabilities for vehicles in the transportation, construction, tree and landscape and other specialty industries. Liberty Financial headquartered in Hatfield, PA, brings an experienced staff and established partnerships.
“We were very fortunate to have Liberty join our growing organization. Their collateral expertise and proven leadership team was the perfect fit for what we were looking for,” said Gary Shivers, Navitas’ CEO. “With our financing capacity, systems and infrastructure, we feel that we can be a dominant force within this market niche.”
“We have been looking for a partner like Navitas that could help Liberty capitalize on its proven ability to serve our markets and ultimately improve our small business customer experience,” said Tom Madonna, president of Liberty Financial. “Navitas provides us with the financial strength, additional products, marketing power and technology leadership that will assist us in better serving our customers while expanding our market reach at the same time. The combination of our two organizations will create a very compelling financing resource for the SMB marketplace.”
Navitas is a national equipment finance company based in Ponte Vedra, FL.