Stonehenge Capital today announced a $4.1 million investment in CFactor Leasing Corp., a heavy foundation construction equipment rental company located in Pembroke, Georgia. CFactor will use the flexible working capital provided by Stonehenge to purchase new equipment to augment its existing rental fleet and to grow its workforce.
CFactor and its sister company, CZM, manufacture foundation equipment that is sold, or leased-to-own to the commercial construction, infrastructure, transmission and utilities, landfill, and oil and gas industries.
CFactor’s broad inventory of foundation equipment is highly regarded in the industry, providing not only high lifespan, low maintenance equipment for its customers, but matching that with unparalleled customer service and flexible financing options for customers that want to try a specific solution before purchasing.
The working capital provided by Stonehenge through the Georgia Agribusiness and Rural Jobs Act (GARJA) is expected to create more than 25 new jobs at CFactor’s Pembroke location. GARJA encourages private capital investment in small businesses located in rural communities to help spur economic growth and job creation in underserved areas of the state. Pembroke, GA, has a population of approximately 2,500. This is Stonehenge Capital’s fifth investment in a rural Georgia business made through the program.
Combined, the two companies currently employ 50 employees. With Stonehenge’s investment, CFO Marcello Clo said the company expects to add 25 new jobs over the short term to meet the growing demand for its machines.
“Partnering with Stonehenge puts us in the position to continue to grow our company to meet consumer demands for our equipment,” said Clo. “This growth will support the creation of a significant number of new jobs in our small rural town.”
CFactor leases and sells rigs directly to its customers in a variety of industries across the U.S. This leasing option allows CFactor to reach customers that want to try the equipment before committing to a purchase and customers that have shorter-term equipment needs.
“CFactor is a recognized industry leader in providing flexible solutions that are essentially unmet in the large dollar, foundation equipment space,” said Jon Dangar, Director at Stonehenge Capital. “We are proud to partner with CFactor and its management team to provide the capital that will accelerate its growth and drive new job creation in rural Georgia.”