Tygris Commercial Finance Group, a commercial finance company, has completed its acquisition of MarCap, a middle-market healthcare equipment finance company headquartered in Chicago.
MarCap has joined Tygris Asset Finance, Tygris’ middle market equipment leasing and asset finance business led by Laird Boulden, and will continue to operate under the MarCap brand, according to the New York City-based Tygris.
For approximately 30 years, MarCap has provided financing for healthcare organizations, including ambulatory surgery centers, hospitals, cancer centers, dialysis centers and diagnostic imaging centers. MarCap specializes in developing flexible financing solutions to meet a variety of client needs, according to Tygris.
The company said that MarCap will play a role in its mandate of providing liquidity and growth capital to middle market companies throughout North America.
“The addition of MarCap is an important strategic step in establishing Tygris as a leader in middle market equipment leasing and healthcare finance. We are excited by the opportunities in the asset finance market and we look forward to leveraging MarCap’s experience and capabilities as we expand in this large and fast growing sector,” said Frederick E. Wolfert, CEO of Tygris.