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.