About Engs Commercial Finance
Engs Commercial Finance is a company based in Itasca (United States) founded in 1952 was acquired by MUFG in October 2018.. Engs Commercial Finance has raised $200 million across 5 funding rounds from investors including BMO, Aquiline Capital Partners and MUFG Campus. The company has 173 employees as of December 31, 2018. Engs Commercial Finance has completed 1 acquisition, including Connext Financial. Engs Commercial Finance offers products and services including Commercial Finance, Working Capital, and Commercial Insurance. Engs Commercial Finance operates in a competitive market with competitors including LEAF, GE Capital, United Leasing, Compeer Financial and Regents Capital, among others.
- Headquarter Itasca, United States
- Employees 173 as on 31 Dec, 2018
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Engs Commercial Finance Co.
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Products & Services of Engs Commercial Finance
Engs Commercial Finance offers a comprehensive portfolio of products and services, including Commercial Finance, Working Capital, and Commercial Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides funding and financial solutions for business operations
Offers capital management to support daily business activities
Delivers insurance coverage for commercial risks and assets
Funding Insights of Engs Commercial Finance
Engs Commercial Finance has successfully raised a total of $200M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $225.4 million completed in March 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $225.4M
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First Round
First Round
(02 Apr 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2018 | Amount | Debt – Conventional - Engs Commercial Finance | Valuation |
investors |
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| Apr, 2017 | Amount | Debt – Conventional - Engs Commercial Finance | Valuation |
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| Feb, 2015 | Amount | Private Equity Round - Engs Commercial Finance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Engs Commercial Finance
Engs Commercial Finance has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include BMO, Aquiline Capital Partners and MUFG Campus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Private equity & fixed income investments focused hedge fund
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Founded Year | Domain | Location | |
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BMO is recognized as a leading financial services provider in Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Engs Commercial Finance
Engs Commercial Finance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Connext Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Equipment financing is offered to commercial businesses and industries.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Engs Commercial Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Engs Commercial Finance Comparisons
Competitors of Engs Commercial Finance
Engs Commercial Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LEAF, GE Capital, United Leasing, Compeer Financial and Regents Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Equipment leasing and financing services are provided by LEAF.
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| domain | founded_year | HQ Location |
Commercial aircraft and equipment leasing and lending services are provided.
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| domain | founded_year | HQ Location |
Asset financing and leasing services are provided to businesses.
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| domain | founded_year | HQ Location |
Offers loans, insurance, and financial services for farmers and rural businesses.
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| domain | founded_year | HQ Location |
Asset financing company
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Engs Commercial Finance
Frequently Asked Questions about Engs Commercial Finance
When was Engs Commercial Finance founded?
Engs Commercial Finance was founded in 1952 and raised its 1st funding round 60 years after it was founded.
Where is Engs Commercial Finance located?
Engs Commercial Finance is headquartered in Itasca, United States. It is registered at Itasca, Illinois, United States.
Who is the current CEO of Engs Commercial Finance?
Craig Weinewuth is the current CEO of Engs Commercial Finance.
Is Engs Commercial Finance a funded company?
Engs Commercial Finance is a funded company, having raised a total of $200M across 5 funding rounds to date.
How many employees does Engs Commercial Finance have?
As of Dec 31, 2018, the latest employee count at Engs Commercial Finance is 173.
What does Engs Commercial Finance do?
Engs Commercial Finance was established in 1952 and is headquartered in Itasca, United States. Asset finance services are provided, focusing on leasing and financing for equipment in sectors such as transportation, construction, printing, packaging, and manufacturing. Additional offerings include loans and syndications to support customer needs across the country. Operations remain centered on equipment-based financing solutions.
Who are the top competitors of Engs Commercial Finance?
Engs Commercial Finance's top competitors include GE Capital, Regents Capital and LEAF.
What products or services does Engs Commercial Finance offer?
Engs Commercial Finance offers Commercial Finance, Working Capital, and Commercial Insurance.
How many acquisitions has Engs Commercial Finance made?
Engs Commercial Finance has made 1 acquisition, including Connext Financial.
Who are Engs Commercial Finance's investors?
Engs Commercial Finance has 4 investors. Key investors include BMO, Aquiline Capital Partners, MUFG Campus, and Senator Investment Group.
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