NY investor buys North Mill

Michael Gontar, chief investment officer at WCP (pictured), said: “North Mill possess tremendous growth potential that, combined with the growth capital we are able to provide to their leading small ticket equipment finance platform, creates a compelling opportunity for our stakeholders and clients.”

Based in New York, WCP’s management team has a successful track record in building long-term speciality finance companies which goes back more than 20 years.

David Lee, CEO of North Mill, said: “WCP’s investment enables us to continue developing our innovative approach to the small ticket equipment finance market through enhancement of our technology, funding and marketing infrastructure to originate new business through our national network of third-party referral agents.”