North Mill Equipment Finance and Taycor Financial Acquire Aztec Financial from Aramsco

North Mill Equipment Finance and Taycor Financial acquired 100% of the stock of the parent  company of Aztec Financial from an affiliate of Aramsco. 

Aztec Financial is an equipment finance company and Aramsco is a supplier of equipment, chemicals  and consumables to specialty contractors across the U.S. and Canada. North Mill will assume the  existing portfolio of Aztec’s leases and servicing capabilities, while Taycor will assume the vendor  relationships and origination capabilities from Aztec’s market position in the restoration, professional  cleaning and surface preparation industries. All existing employees of Aztec will either join North  Mill or Taycor. 

“We are beyond excited to be part of Taycor and North Mill. The partnership will allow Aztec to  offer a broader array of financing products to meet the needs of our valued vendor and customer  relationships,” John Sirrine, founder and CEO of Aztec Financial, said. “In addition, we are thrilled  to now have available a world-class technology platform that will enhance our vendors’ ability to  reach an increasingly mobile customer base. New products and enhanced technology will propel  Aztec to the next level and continue to position us as a market leader in the industries that we serve.” 

“We welcome Aztec with open arms into the Taycor family,” Michael Hong, CEO of Taycor  Financial, said. “Amazing things happen when great organizations join forces. The combination of  Aztec and Taycor will supercharge access to capital for end-user customers and borrowers, enabling  us to dramatically expand our exclusive financing partnership with Aramsco, distributors and  franchise partners alike. By uniting Aztec’s streamlined approach with Taycor’s expanded range of  financial products and proprietary technology stack — designed to enhance human interaction and  transparency — we will deliver a smoother, faster finance experience with a lot more approvals and  transactions.” 

“We are thrilled to bring onto the North Mill team a talented group of professionals with deep  experience in servicing a large portfolio of small-ticket leases in these specialized professional  services industries,” David C. Lee, chairman and CEO of North Mill Equipment Finance, said. “In  keeping with our strategy of being 100% referral partner centric, we are delighted to partner with  Taycor to independently take Aztec to the next level of origination capabilities.” 

Keefe, Bruyette & Woods acted as the exclusive financial advisor to Aztec Financial in connection  with the transaction.

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