Private investment firm BlueMountain Capital Management has purchased a majority equity stake in Jacksonville, Fla.-based independent equipment leasing company Navitas Lease Corporation.
The amount of the transaction remained undisclosed.
The investment, which was made through funds managed by BlueMountain, will provide Navitas with additional capital to support its multi-year growth plan.
Led by president and CEO Gary Shivers, Navitas serves small and medium sized businesses throughout the country. The company assists customers in a variety of sectors through a vast network of equipment vendors and independent lease brokers.
FinSMEs
15/11/2011