Kennet Equipment Leasing, an equipment finance broker to small and medium-sized enterprises, joined the STAR Asset Finance group in July 2014.
A leader in the sector with a 25-year record, Kennet was seeking to grow the business through capital investment when they started talking to the team at STAR Asset Finance.
Kennet arranges financing for all business-essential assets, providing individual financings from £250 to £250,000 per transaction. Since its formation it has arranged over £500 million in equipment financing. The company has a strong reputation for customer service and has been recognised through various industry awards demonstrating its strength and position in the marketplace.
Now part of STAR Asset Finance, Kennet continues to be run by its experienced management team led by CEO Steve Swift who, together with other members of the Kennet team, are now investors in STAR Asset Finance.
Steve Swift, CEO of Kennet, said: “I have built a strong working relationship with STAR and thoroughly enjoy working with their investment team to continue the Kennet success story and serve our existing and new customers.”
Paul Gough, Partner at STAR Asset Finance, said: “ We’re pleased to have acquired a high quality business that fuels the UK economy by providing financing to SMEs. We intend to invest significant capital to enable Kennet to continue its impressive growth both organically and through additional acquisitions in what is a highly fragmented segment of the financing market.”