Toronto – July 23, 2019: Accord Financial Corp. ("Accord") (TSX: ACD) is proud to congratulate CapX Partners (“CapX”) on their Platinum anniversary, celebrating twenty years of achievement. “CapX and its four outstanding partners have been leaders in the middle market finance community, and have brought vital financing to businesses throughout the U.S. over two decades,” said Accord CEO Simon Hitzig, adding “they consistently raise the bar, setting the standard for excellence in our markets.”
Founded in 1999 by Jeff Pfeffer and Jim Hallene, since joined by partners Barrett Carlson and Eric Starr, CapX deployed nearly $500 million via four funds before joining the Accord family in 2017. Over the twenty year history of the firm, CapX has been a forward-looking force in the equipment finance arena, simplifying access to capital with a unique combination of personal touch and innovation.
CapX joined the Accord family of companies in 2017, and together with the other Accord divisions, have established a financial services platform that can lend up and down a company’s balance sheet, creating a one-stop source for senior-secured financing to middle market businesses in the U.S. and Canada.
“We were thrilled to add CapX to the Accord family eighteen months ago, and are just as proud to help them celebrate twenty years of success. This is a tremendous accomplishment, and we look forward to growing together over the next twenty years and beyond,” added Mr. Hitzig.
About Accord Financial Corp. Accord Financial Corp., founded in 1978, is one of North America’s leading independent commercial finance companies. Serving clients throughout the US and Canada, Accord’s flexible finance programs cover the full spectrum of asset-based lending, including: factoring, inventory finance, equipment finance, trade finance and film/media finance. For 41 years, Accord has simplified access to capital, helping businesses seize opportunity and drive success.
About CapX Partners Founded in 1999, CapX Partners is a specialty finance company that focuses on companies looking for debt financing in the $2-$20 million range. CapX provides senior loans and leases and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets. For more information on CapX, visit www.capxpartners.com.
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.