Latest news with #MachineryPartner
Yahoo
4 days ago
- Business
- Yahoo
Machinery Partner launches new arm to streamline equipment financing
Machinery Partner, an online marketplace for heavy equipment, has introduced Machinery Partner Capital Solutions, a new finance division designed to streamline equipment financing. The new arm will leverage AI-powered underwriting to enhance speed, transparency, and personalisation in the financing process. At the core of this development is a collaboration with a San Francisco-based fintech company that automates credit prescreening and underwriting through AI technology. Kaaj co-founder Shivi Sharma said: 'Kaaj's AI agents verify businesses, assess risk, and generate next steps in real-time. The result is faster decisions, better matches, and more approvals without the paperwork.' Unlike traditional captive finance models, Machinery Partner Capital Solutions connects customers with the most suitable lender for their specific needs, facilitated by a strategic partnership with Mazo Capital Solutions, the platform's primary back-room lender. Key features of the platform include financing options for transactions up to $5m, quick loan approvals up to $500,000 and optional 90-day deferrals. Other features include seasonal payment plans and compatibility with customer-preferred lenders, even those outside the Machinery Partner network. This comprehensive approach will offer a seamless experience from sourcing equipment to securing funding and providing ongoing service. Machinery Partner CLFP and Equipment Lending officer Tim Murphy said: 'We created Machinery Partner Capital Solutions to eliminate the delays and complexity that contractors have come to expect. 'Whether you're a quarry buying a crusher or a small contractor financing a $10,000 breaker, we deliver financing that fits.' Currently, Machinery Partner operates in 42 states, supporting over 200 contractors with its modern approach to heavy equipment ownership. "Machinery Partner launches new arm to streamline equipment financing" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
28-03-2025
- Business
- Associated Press
Terex EvoQuip Joins Forces with Machinery Partner to Grow their U.S. Market of Innovative Equipment
United States, March 28, 2025 -- In an industry where in-person transactions and local dealer relationships have been the norm, Terex, a leading global innovator in heavy equipment, is embracing a groundbreaking digital shift. This change allows customers to access a wider range of options, regardless of their location, while still benefiting from the trusted local support they need. In partnership with Machinery Partner, Terex is now offering its high-performance innovative EvoQuip machines. Machinery Partner is a leading online heavy equipment marketplace that simplifies the process of selecting and sourcing specialized equipment, providing customers with a wide variety of equipment. This collaboration is set to redefine how businesses in the construction, demolition, and recycling sectors acquire the essential equipment they need. Machinery Partner will be carrying Terex's EvoQuip product line, specifically, the Bison 35, Bison 120, and Harrier 220. These three powerful machines are redefining the compact crushing and screening industry. The EvoQuip lineup is ultra-portable, integrates advanced technology, user-friendly features, and focuses on reducing operational costs, making them true innovations in the heavy equipment industry. 'We are excited to welcome Machinery Partner to our growing network of authorized distributors,' said Barry O'Hare, Business Line Director of EvoQuip. 'Their expertise and commitment to customer service make them an ideal partner to drive sales and promotion of the Bison 35, Bison 120, and Harrier 220 machines to the North American market. This agreement will enhance the visibility and accessibility of EvoQuip products for customers.' Machinery Partner's online marketplace offers numerous advantages to manufacturers and brands, driving success across the industry: Seamless Digital Experience: Machinery Partner's platform is optimized for quick, easy purchasing, complete with tailored financing options, expert consultations, and fast nationwide delivery. Cost-Effective Access: By bypassing traditional costs, EvoQuip's products are now available at more competitive prices without sacrificing quality or customer service. Holistic Financing: Machinery Partner's unique financing approach evaluates businesses based on their potential, rather than traditional metrics, ensuring more businesses can secure the equipment they need to grow and compete. Streamlined Distribution: The company's nationwide network of holding yards and warehouses guarantees fast, efficient delivery of EvoQuip equipment across North America. Nationwide Support: Machinery Partner's extensive network of 150 expert technicians ensures that every customer is within 50 miles of reliable service, offering quick maintenance support. Terex is by no means the first big brand to embrace Machinery Partner's model. The marketplace currently offers over 25 leading heavy equipment brands in its portfolio. This growing roster of prestigious brands underscores Machinery Partner's innovative approach to making high-quality machinery more accessible, affordable, and convenient for businesses across North America, revolutionizing the way equipment is bought, sold, and serviced. 'When we first set out to create a digital marketplace in an industry traditionally focused on in-person transactions, we knew it would take time to earn the trust of both customers and brands,' said Clement Cazalot, CEO of Machinery Partner. 'The heavy equipment industry has always valued strong relationships and local dealers, and we fully respect that. Our goal is not to replace this ecosystem but to complement it. We are excited to join this distribution network and work with dealers to offer even more value to our customers. Through continuous innovation and a focus on making the buying process smoother and more efficient, we're proving that the future of this industry is digital.' To explore the full range of EvoQuip products and learn more about Machinery Partner's platform, visit About Machinery Partner: Machinery Partner ( is a nationwide equipment distributor redefining the traditional dealership model with streamlined procurement and cost-effective solutions. With operations in 42 states, they offer a curated portfolio of high-quality specialized equipment in aggregate, concrete and waste management. Their transparent process, technology, real-time update system on all parts, service and procurement, as well as dedicated support from over 150 field service technicians is already empowering over 200 clients in North America. In partnership with leading dealers and manufacturers, Machinery Partner ensures rigorous quality control, robust logistics, and clear investment opportunities. About Terex: Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. They design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. Terex provides best-in-class lifecycle support to customers through global parts and services organization, and offers complementary digital solutions, designed to help customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Terex products are manufactured in North America, Europe, and Asia Pacific and sold worldwide. Name: Daniel Fidanque Organization: Machinery Partner Release ID: 89156310
