Utica Provides $7.5MM Capital Lease for Precision Manufacturing Expansion

March 18, 2025 - Utica closed a $7.5 million capital lease to support a precision manufacturing firm in acquiring and expanding its operations. The financing facilitates the strategic acquisition of two complementary businesses specializing in high-quality machining and advanced tooling solutions.

Secured by manufacturing and tooling equipment, the capital lease provides the company with acquisition financing for consolidating operations, working capital to streamline integration efforts and expansion support into high-growth sectors.

The transaction enables the firm to merge an ISO-certified precision machining operation with a specialized progressive tooling business, creating a full-service, vertically integrated manufacturer. The combined entity is now positioned to serve major clients across agriculture, construction and heavy equipment sectors, while also expanding into aerospace, medical, and electronics markets.