Argos Lease Transaction Highlight
Transcription
Argos Lease Transaction Highlight
ALC LEASE TRANSACTION - ARGOS CEMENTOS February 23, 2015 ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of an equipment lease transaction with Argos Cementos. The transaction arranged for a fleet of 88 Ford and Chevrolet Utility Trucks to be used in the companies north America operations. Argos is the sixth largest concrete producer in the United States and the largest producer in Colombia, South America. In the U.S., Argos has its largest concrete production capacity; 8.9 million cubic meters per year with 134 concrete production plants and 1,350 mixers. In January, Argos further expanded by purchasing the assets of Vulcan Materials for $720 million. “We are very pleased to welcome Argos into our portfolio of valued customers” said ATEL President and CEO, Dean Cash. “With its strong growth and capacity for production, Argos exemplifies the caliber of ATEL’s corporate market and further reinforces the company’s commitment to providing the funding needed to fuel the growth of the American industry.” ABOUT ATEL CAPITAL GROUP ATEL Capital Group is an international financial services company that for over 35 years has offered its clients a wide array of financial solutions including equipment leasing, asset-based lending, venture finance, lease administration and asset management. Since its inception, ATEL has sponsored twenty-three publicly registered funds and private investment programs. ATEL's family of Funds have attracted more than 50,000 investors since ATEL's first public program was created in 1986. Additional information about ATEL Capital Group can be found on the company's website at www.atel.com THE TRANSAMERICA PYRAMID 600 MONTGOMERY ST., 9TH FLOOR SAN FRANCISCO, CA 94111 (800) 543-2835 EXT. 2 WWW.ATEL.COM
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