CapX Partners Structures Equipment Lease to Support Unitas Global's Strong Growth Trajectory
CapX Partners, a leading equipment finance specialist, structured a lease line of credit to Unitas Global, a fast-growing provider of enterprise cloud solutions.
- (1888PressRelease) November 29, 2017 - Chicago, IL - The unique structure of the lease was such that Unitas could draw over a 6-month period, allowing it to seamlessly onboard new customers and start paying for the financing as revenue was created.
Offering a differentiated private and hybrid cloud infrastructure business model that is technology agnostic, carrier neutral, and globally deployed, Unitas’ cloud solutions have the flexibility to architect specifically to their customers’ unique requirements. As Unitas forged ahead with organic growth, CapX was provided the opportunity to provide mission-critical capital to support new customer related IT hardware requirements.
Matching a lease term to the approximate length of the customer master service agreement term, CapX financed 100% of the IT hardware cost along with a soft cost allowance. The result: increased revenue and cash flow as Unitas successfully defers any investment in the equipment needed until the end of the lease.
“At Unitas Global, we are dedicated to meeting global enterprise needs for innovative, secure, and simple-to-use cloud solutions. Because of this commitment, our company has been on a strong growth trajectory as we address the challenges faced by enterprise businesses migrating to the cloud,” stated Patrick Shutt, CEO at Unitas Global. “The influx of capital from CapX Partners enables our organization to invest in the hardware necessary to further expand our global customer base, and continue forward on a track of rapid growth.”
“Unitas is an excellent addition to the CapX portfolio company line up,” remarked Jeffry Pfeffer, Managing Partner at CapX Partners. “We are pleased to be a part of their current growth phase.”
About CapX Partners
Founded in 1999, CapX Partners (CapX) is a specialty finance company that focuses on private equity backed portfolio companies looking for debt financing in the $2-$20 million range. CapX provides senior and mezzanine debt including lease lines and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue-producing fixed assets. For more information on CapX, visit www.capxpartners.com.
About Unitas Global
Unitas Global is a leading provider of enterprise hybrid cloud solutions. The Unitas Enterprise Private Cloud (EPC) solution provides clients with custom, highly secure, and dedicated cloud-based IT environments that are easy-to-consume, fully managed, and backed by an end-to-end SLA, guaranteeing application uptime. By offloading day-to-day infrastructure operations to Unitas Global, our clients are able to refocus and optimize their internal IT resources toward their business-centric initiatives. Unitas is headquartered in Los Angeles, with clients and locations spanning the globe. For more information, please visit www.unitasglobal.com.
Media Contacts:
CapX Contact:
Barrett Carlson
312.893.7410
bcarlson ( @ ) capxpartners dot com
CapX Public Relations Contact:
Lisa House
860.305.4969
lhouse ( @ ) williamsandhouse dot com
Unitas Global Contact:
iMiller Public Relations
866.307.2510,
pr ( @ ) imillerpr dot com
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