GE Capital, Corporate Finance today announced it provided $16 million in equipment financing to the Dutra Group, Inc.
The funds refinance existing debt used to support the company’s marine fleet.
Headquartered in San Rafael, CA, the Dutra Group focuses on dredging and marine construction along the west coast, and produces and distributes aggregate materials to support construction projects primarily in northern California.
“The equipment finance specialists at GE Capital have worked with us for over 20 years to support our marine fleet and quarry equipment needs,” said Bill Dutra, CEO of Dutra Group. “What’s more, GE provides us with both financing solutions and access to best practices.”
“We work with clients to help maximize their financial flexibility and optimize cash flow,” said Eric Dusch, chief commercial officer, Equipment Finance, GE Capital, Corporate Finance. “Whether the need is for single units or large fleets of equipment, we customize solutions to help our customers meet their business goals.”
Press Release, March 12, 2013