Commercial Credit Group (CCG)
Specialists in Equipment Financing
Commercial Credit Group is an independent, national commercial equipment finance and leasing company focused on purchase money and refinance transactions in the construction, fleet transportation, and waste industries. CCG sources transactions through end-users, equipment vendors, and manufacturers. A typical transaction size range for CCG is from $100,000 to $2,500,000.
In March 2010, Falfurrias Capital invested in CCG in a transaction that totaled approximately $20 million and included a purchase of preferred stock and an equity infusion to support the Company's growth.
In the wake of the financial crisis, Commercial Credit Group saw several of its largest competitors exit the equipment finance business or significantly curtail lending activity. Commercial Credit Group seized the opportunity, growing organically from zero finance receivables in October 2004 into one of the largest independent equipment finance companies in its markets in the United States.
Falfurrias Capital Partners sold its controlling interest in Commercial Credit Group in May 2012 to Lovell Minnick Partners, an independent private equity firm located in Philadelphia, Pennsylvania and Los Angeles, California. Falfurrias held Commercial Credit Group for just over two years and with the sale to Lovell Minnick, provided its investors with a healthy return.
Commercial Credit Group Acquisition - March 2010
Acquired by Lovell Minnick Partners – May 2012
Additional Company Details:
Headquartered in Charlotte, NC
Press: CGC Press website
Network with Falfurrias Capital and view Commercial Credit Group’s ’s add-on deal