Nexseer Capital announced that the management team of W. Scott McCullum (President), Jonathan Albin (Chief Operating Officer) and Robert Davis (Executive Vice President) have acquired majority ownership of the company. The senior management team purchased the majority of common stock from funds managed by Atalaya Capital Management LP.
 
The transaction paves the way for Nexseer to continue its growth plans as a well-capitalized independent equipment finance platform while moving to the next stage of the company’s expansion after realizing on a partnership with an excellent institutional partner.

“We’ve built an exceptional team that has thrived for over 20 years with an entrepreneurial spirit and commitment to our clients and partners. We will continue on this path as we develop our next generation of leaders. All of us at Nexseer are extremely grateful for all of the support we’ve received from Atalaya over the years and appreciate the mutually beneficial strategic partnership,” said McCullum.

Nexseer is majority owned by its senior management along with a minority investment by Atalaya Capital Management LP.

For more equipment finance and leasing industry news, visit Equipment Finance Advisor.