Press Release: July 31, 2019
DAES Distribution, a premier aerospace global provider, announced today a new strategic partnership with First National Capital, a commercial equipment and aviation finance provider. The partnership leverages the lender advantages of First National Capital and combines it with DAES's industry experience, and support capabilities in a true end-to-end solution.
First National Capital, recognized for being a fast decision, flexible, and cost-effective financing company, provides competitive equipment financing across the U.S. and Canada to mid-sized and large companies across a wide variety of industries and asset classes.
Matt Pirofalo, Senior Account Manager stated, "The partnership with DAES Distribution for equipment loan and project financing, will support a large number of existing and new customers. I am certain that our competitive advantages, such as taking only the equipment as a collateral, and covering all the acquisition soft costs, (sales taxes, shipping, installation, and training), will benefit DAES’s customers”.
DAES Distribution equipment segment serves the military and commercial airlines, MRO’s, and prime manufacturers with solutions to repair and maintain aircraft components and engine parts.
"We're thrilled to work with First National Capital to provide our customers with an effective finance solution," said Juerg Bartlome, The DAES Group CEO. "As a leading aerospace provider, we are always looking for partners that can support our customers' growth, and First National Capital has the capacity to meet our clients’ needs”, added Juerg.
First National Capital’s asset-based lending, provides DAES’ customers the opportunity to easily and quickly request low cost financing to reduce the acquisition time.
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