Insight Investments, LLC has launched Insight Capital Finance (ICF), a new business unit dedicated to providing leasing solutions to the fitness, healthcare and wellness markets. To lead this initiative, Insight Investments has appointed Paul Vecker as Executive Vice President of Insight Investments, and President of ICF.
“Insight Investments has long been recognised as a trusted leader in the equipment leasing sector, and expanding into the fitness and wellness market is a natural progression for our business,” said Chris Czaja, President of Insight Investments, LLC.
“We are excited to have Paul on board to lead ICF. His extensive experience and proven success in the financial services industry will position Insight at the forefront of this new and growing market.”
As consumer demand for health and fitness continues to rise, fitness centres, residential communities, colleges, hotels, spas, and community organisations must provide state-of-the-art facilities with continually refreshed equipment. ICF specialises in helping fitness businesses manage their equipment asset portfolios by delivering customised end-to-end financial solutions with personalised support.
Backed by Insight Investments’ decades of financing experience, ICF is immediately positioned to be a leader in the North American fitness industry. Customers benefit from working with an independent, non-institutional ownership group, with more creative, efficient, and agile service. The company offers solutions that address the entire equipment lifecycle, including its SOC 1 audited Asset Management Online System (AMOS), available to ICF customers and vendors.
“Insight is a world-class independent equipment finance organisation that manages a significant asset base and offers unparalleled expertise, solutions, and game-changing technology,” said Vecker.
“By combining decades of collective experience with the innovative spirit and agile speed of this team, ICF will be a true disruptor for the fitness industry. Being part of this independent, established, and supportive organisation creates an exciting opportunity to deliver high value, responsive, and nimble service that will allow customers to thrive.”
Paul Vecker is an industry veteran with more than 40 years of equipment finance experience. Prior to joining Insight Investments, he served as President of Macrolease Corporation, an equipment finance company specialising in the fitness, franchise, nonprofit, and healthcare markets.
Previously, Vecker had been a senior executive at PNC Equipment Finance, at the time, the fourth largest bank-owned equipment finance company. While at PNC Equipment Finance, Vecker held a variety of leadership roles including Chief Growth Officer and General Manager of the company’s Vendor Finance Business. Earlier, Vecker founded and was the President and CEO of The Navigator Group, LLC, a specialised equipment finance business. He also held senior executive positions at a number of other public and privately-owned equipment finance companies.
