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Ascentium News & Media

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Ascentium Reports Record 1Q14

April 3, 2014

ASCENTIUM CAPITAL REPORTS RECORD FIRST QUARTER

KINGWOOD, TX – Ascentium Capital, a leader in providing financing programs across the United States, announced strong growth during first quarter 2014. The company obtained a 35% increase in volume over the same period last year and with assets near $500 million, a 57% increase was also achieved.

Ascentium Capital is ranked as the fifth largest private-independent finance company by volume in the United States by the Monitor magazine, a premiere publication in the equipment finance industry. “We experienced client demand across our specialized industries resulting in another quarter of solid growth,” said Tom Depping, Chief Executive Officer at Ascentium Capital. “We continue to have an advantaged portfolio and an impressive pipeline of new vendor relationships that position us well for future.”

Success is driven by the fact that businesses realize the benefits of Ascentium Capital’s proprietary finance offering that achieves strategic business goals. "We continue to invest heavily in our future to redefine the finance experience and to ensure it is leading-edge. This allows our vendors and clients to capture more opportunities and realize greater revenue,” commented Richard Baccaro, Executive Vice President of Sales and Marketing.

Ascentium Capital is positioned with a strong foundation to drive growth in market share. The company continues to recruit tenured sales professionals throughout the United States with segment-specific expertise to drive and share in the company’s success.

Ascentium Capital, as a direct lender, specializes in providing equipment financing and leasing solutions that drive growth and profit for equipment manufacturers, distributors as well as direct financing to businesses nationwide. The company is backed by the strength of leading private investment firms Vulcan Capital and LKCM Capital Group, LLC. For more information, please visit AscentiumCapital.com.

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