Equipment Finance News

Arbuthnot Commercial ABL completes new E-Trac funding line

E Trac 400

Arbuthnot Commercial Asset Based Lending (ACABL) has completed a flexible funding package to support the refinance and growth of E-Trac Limited (E-Trac). This follows E-Trac’s recent acquisition by Amcomri Group, a fast-growing, acquisitive group of quality British engineering and manufacturing businesses.

Established in 2009, E-Trac Limited specialises in the testing and repair of rolling stock traction and control equipment. The flexible funding package from Arbuthnot was structured to allow the business to continue on its growth trajectory as a leading specialist in rail system control and power electronics.

Commenting on the transaction, Mark O’Neill, Investment Director at Amcomri Group, said: “Following our acquisition of TP Matrix last year, E-trac provides us with the ability to further extend our service offering in the specialist rail-focused electrical and electronics maintenance business. Having completed several transactions now with Arbuthnot, we have built a strong relationship with their team who are a pleasure to work with.”

Andrew Rutherford, Commercial Director, Arbuthnot Commercial Asset Based Lending, said: “We are delighted to support Amcomri Group with its exciting and highly focused buy-and-build strategy. E-Trac is a successful business with an excellent reputation in the market, and we were pleased to have the opportunity to structure the funding that will enable the business to continue to grow and further strengthen its market-leading position.”