Tygris Commercial Finance Group, Inc. Completes Acquisition of MarCap LLC.MarCap Joins Tygris' Middle Market Equipment Leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Tygris Commercial Finance Group, Inc. ("Tygris"), a recently formed commercial finance company, today announced the completion of the acquisition of substantially all of the assets and business of MarCap LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("MarCap"), a middle market healthcare equipment finance company headquartered in Chicago. MarCap joins Tygris Asset Finance, Inc., Tygris' middle market equipment leasing and asset finance business led by Laird laird n. Scots The owner of a landed estate. [Scots, from Middle English lard, variant of lord, owner, master; see lord. Boulden, and will continue to operate under the MarCap brand. For more than 30 years MarCap has provided financing for healthcare organizations, including ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery , hospitals, cancer centers, dialysis dialysis (dīăl`ĭsĭs), in chemistry, transfer of solute (dissolved solids) across a semipermeable membrane. Strictly speaking, dialysis refers only to the transfer of the solute; transfer of the solvent is called osmosis. centers and diagnostic imaging centers. MarCap specializes in developing creative, flexible financing solutions to meet a variety of client needs. MarCap is a leading provider of financing for physicians and entrepreneurs around the country and since 2001 the company ranks among the 100 largest equipment finance and leasing companies in the U.S. according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Monitor magazine, a leading industry publication. MarCap will play a key role in Tygris' mandate of providing liquidity and growth capital to middle market companies throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "We welcome the MarCap team to Tygris," said Frederick E. "Rick" Wolfert, Chief Executive Officer of Tygris. "The addition of MarCap is an important strategic step in establishing Tygris as a leader in middle market equipment leasing and healthcare finance. We are excited by the opportunities in the asset finance market and we look forward to leveraging MarCap's experience and capabilities as we expand in this large and fast growing sector." "MarCap has a deep understanding of the financing needs of their healthcare clients and strong industry relationships. Their team has built a leading healthcare specialty finance company that will become the first specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. industry segment for Tygris Asset Finance," said Laird Boulden, President of Chicago-based Tygris Asset Finance, Inc. "This is a natural fit for us. MarCap is fully dedicated to the middle market and completely aligned with our 'back to basics' philosophy." About Tygris Commercial Finance Group, Inc. Tygris is a commercial finance company that provides liquidity and growth capital to middle market companies throughout North America. Tygris has three commercial finance businesses: middle market corporate finance, middle market equipment leasing and asset finance, and small ticket leasing. Tygris has offices in Chicago, Stamford, CT and Parsippany, NJ. For more information please visit www.TygrisCFG.com. About MarCap LLC MarCap, headquartered in Chicago, is one of the nation's largest middle market healthcare equipment financing companies and has provided creative, flexible financing solutions for more than 30 years. MarCap works directly with ambulatory surgery centers, hospitals, cancer centers, dialysis centers, diagnostic imaging centers and provides funding for healthcare equipment manufacturers. For more information please visit www.marcapcorp.com. |
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