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Brian Shaughnessy – Image Credit Peachtree Group
Peachtree Group has launched an equipment finance division to extend its credit services across various industries, including commercial real estate and hospitality.
Peachtree Group has announced the establishment of an equipment finance division, aimed at expanding its credit capabilities across multiple sectors. The new division will be led by Brian Shaughnessy and Roger Johnson, who collectively bring over 60 years of experience in equipment finance and related fields. Dennis Shields, an industry executive with 15 years at Meridian Leasing, will also join the team.
The division will focus on providing equipment lease financing, addressing the needs of industries such as commercial real estate and hospitality. This move is part of Peachtree’s strategy to enhance its private credit offerings, particularly in areas where traditional lenders have reduced their involvement.
The equipment finance division will target lease transactions ranging from $500,000 to $10 million, with terms typically between 24 and 84 months. The division aims to leverage Peachtree’s existing credit infrastructure to offer competitive financing solutions and maintain long-term client relationships.
Shaughnessy, serving as president and principal, and Johnson, as executive vice president and principal, have previously co-founded IMT Commercial Credit, a significant player in the equipment finance sector. Their expertise is expected to bolster Peachtree’s ability to provide tailored financing solutions.
The launch of this division is seen as a response to the withdrawal of large banks from serving small- and mid-sized businesses, creating opportunities for Peachtree to fill the gap with flexible financing options. The division will initially focus on sectors such as medical facilities and hospitality, providing necessary capital for technology upgrades and new developments.
