Lake Forest, IL, July 14, 2011 --(PR.com
)-- Kingsbridge Holdings, LLC
has acquired Trilogy Leasing Co. LLC
, a leasing services provider of new and previously owned technology equipment, increasing Kingsbridge’s Total Assets in excess of $420 MM and bringing the total original equipment cost financed in their portfolio to approximately $600 MM. “We are excited about adding Trilogy to the Kingsbridge team. Our goal is to develop a solid base of offerings in the high growth technology leasing space. The earlier acquisition of Capital, Technology & Leasing, LLC ("CT&L") was one move in this direction. Trilogy has created a brand based on relationships and tremendous customer service which is a great fit with the culture of Kingsbridge,” said Dan Flagstad, co-founder and co- CEO of Kingsbridge Holdings.
Trilogy Leasing Company’s President and CEO, Jeff Liebenthal, states, “Kingsbridge Holdings will provide capital to continue our growth while broadening our product offerings in the areas of healthcare, material handling and manufacturing equipment. Additionally our firms share the core values of providing superior customer service and building long-term relationships.”
Kingsbridge Holdings is currently listed at number 74 in the Monitor 100, which ranks the largest equipment finance and leasing companies in the U.S. Trilogy is listed at number 89. On a pro forma basis, the combined volume of Kingsbridge and Trilogy based upon year-end 2010 information would place the combined entity in the number four position of the Monitor's Top Private Independent Lessors (based on new business volume). It also builds the Kingsbridge strength of offering the most competitive options for making new technology affordable for customers.
Both Kingsbridge and Trilogy have been growing to meet customer demand at a critical time in the industry. According to the ELFA, the 2008-2009 recessions put capital improvement spending on the back burner. Companies are now once again looking to upgrade outdated equipment and IT platforms. The team of Kingsbridge and Trilogy are well positioned to serve these needs.
About Kingsbridge Holdings, LLC
Kingsbridge Holdings provides intelligent, independent financing solutions to help customers make the best decisions regarding equipment acquisition. The combination of market knowledge, efficient execution, and superior customer service is the reason customers truly enjoy doing business with this great team.
About Trilogy Leasing Co., LLC (“TLC”)
Trilogy Leasing Co., LLC (“TLC”) provides a wide variety of leasing services and hardware products at every level of need and sophistication. Their specialty is new and previously owned technology equipment: from PCs and copiers to mainframes and telephone switches, and just about any equipment in between. Their highly favorable pricing is always supported by their quick response service.