Wheels Donlen launches equipment finance platform

DES PLAINES - Wheels Donlen, a fleet management and financing company backed by Apollo, said Wednesday it has launched a new equipment finance business called Capteris Capital.

Capteris will be focused on providing dynamic funding solutions to the midmarket, large corporate and financial sponsor segments, Wheels Donlen said.

Capteris will provide flexible financing and customized services as they launch with a full suite of products, including operating and capital leases, fixed and floating rate loans, refinancing, sale leasebacks, as well as other value-added services.

"The equipment finance industry has been very competitive over the last several years given high demand, low losses and favorable rate environment," said Capteris President Eric Dusch. "Given current economic pressures, both companies and lessors are facing market challenges for the first time in many years. We see this as a tremendous time to enter the market given our unique positioning as an independent financial institution with the ability and appetite to serve a broad spectrum of industries, collateral types and credit profiles."