LeaseQ has announced the acquisition of Noesis, the leader in commercial building equipment financing, based in Austin, Texas. Noesis, now, “a LeaseQ company,” will serve as LeaseQ’s Austin presence.
“To succeed in a vertical market, you need deep industry expertise, and we’ve found that in Noesis,” said Vernon Tirey, co-founder and CEO of LeaseQ. “By acquiring the leader in building equipment financing, we are able to better serve building equipment manufacturers, distributors, contractors and their customers. Noesis has also developed powerful proprietary sales tools that helps equipment sellers articulate the value and benefits of purchasing new equipment, and LeaseQ can leverage those tools across other equipment vertical market categories to grow combined business more rapidly and efficiently.”
Noesis is the source for financing commercial building equipment, like LED lighting, HVAC systems, commercial refrigeration and building controls. With deep expertise in commercial building and energy equipment, Noesis brings a strong, unique set of equipment sellers to the LeaseQ platform, including leading manufacturers of energy efficiency equipment, and mechanical service and LED lighting companies. LeaseQ’s robust network of more than 300 lenders, instant quotes and real-time credit approval will enhance the Noesis customer experience with higher approval rates, lower interest rates and improved deal close rates.
“LeaseQ is a company with strong financial backing that brings scale and resources to our vertical market,” said Scott Harmon, CEO of Noesis. “We share the same vision to revolutionize the equipment finance industry one vertical at a time. Joining LeaseQ allows us to take advantage of the groundbreaking work that Vernon and his team have done, and to leverage those innovations in our vertical.”