Add-on Acquisition • Financial Services

Mintaka Financial Acquires Summit Commercial Finance Co.

On October 15, 2019, Mintaka Financial acquired financial services company Summit Commercial Finance Co.

Acquisition Context
  • This is Mintaka Financial’s 1st transaction in the Financial Services sector.
  • This is Mintaka Financial’s 1st transaction in the United States.
  • This is Mintaka Financial’s 1st transaction in Arizona.

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M&A Deal Summary

Date October 15, 2019
Target Summit Commercial Finance Co.
Sector Financial Services
Buyer(s) Mintaka Financial
Deal Type Add-on Acquisition

Target Company

Summit Commercial Finance Co.

Scottsdale, Arizona, United States
Summit Commercial Finance Co. provides customized equipment financing and leasing options to U.S. companies across a wide range of industries including specialized focus in several select verticals including C-store, dental/medical and recycling. Summit Commercial Finance was founded in 1998 and is based in Scottsdale, Arizona.
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Buyer Overview 1

Buyer

Mintaka Financial

Gig Harbor, Washington, United States

Category Company
Sector Financial Services
DESCRIPTION

Mintaka Financial LLC is a commercial finance company specializing in serving the needs of small businesses across the United States. Mintaka provides equipment leases and loans, originated through a select group of small business finance companies chosen for their experience, reputation in the industry, and dedication to building long term relationships with their small business clients. Mintaka Financial is based in Gig Harbor, Washington.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Arizona 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1