Macquarie Group Limited has entered an agreement to acquire Advantage Funding Management Co. Inc in full from Marubeni America Corporation. The acquisition is expected to be completed by mid 2015.
Advantage Funding provides transportation financing and leasing solutions for commercial vehicle operators, dealers and manufacturers.
“We look forward to working with Macquarie to provide our customers with a broader range of transportation financing solutions and product capacity,” said Advantage Funding CEO Al Damiani. “Macquarie’s complementary leasing and financing expertise will help us expand our service in US markets and position us to further support our clients’ continued growth.”