LiuGong announces collaboration with PEAC SolutionsLiuGong North America has appointed PEAC Solutions, a leading multinational asset finance platform, as a preferred finance partner.
PEAC Solutions will deliver financing programs to both the construction equipment and materials handling divisions of LiuGong in the United States.
LiuGong, the US subsidiary of China’s Guangxi LiuGong Machinery, will integrate PEAC Solutions’ retail end-customer financing, inventory floor plan financing and dealer rental fleet financing in its offerings.
“The addition of PEAC Solutions to our growing portfolio of preferred finance partners will support the continued growth and success of our dealers and end customers throughout the United States,” says Joseph Andris, vice president of dealer administration and finance at LiuGong North America.
Tibor Horvath, senior vice president of construction, transportation and industrial sales for PEAC Solutions, notes that his organisation has successfully supported LiuGong in Europe for years. “By combining LiuGong’s high-quality range of machinery with PEAC Solutions’ diverse suite of financial products, I am confident that we will deliver unparalleled value to LiuGong, its dealer network, and its customers.”
PEAC Solutions operates across North America, Europe and the United Kingdom. It is part of Marlin Leasing Corporation, which is owned by global investment firm HPS Investment Partners.