KLC Financial builds up position in construction leasing

Minnesota based KLC Financial, Inc. (KLC) a market leader in commercial equipment leasing and financing businesses nationwide, has acquired the portfolio and others assets of Kraus-Anderson Capital, Inc. (KAC) which it says will provide the company with a large customer base of established businesses and with a greater expertise in the leasing and financing of construction equipment for businesses of all sizes.

KLC Financial has been specializing in custom business financial solutions for all types of businesses since 1987. Clients include Fortune 500 companies, middle-market, small businesses and start up business ventures.

“We look forward to continuing to provide a high level of service to Kraus Anderson Capital’s customer base and we look forward to continuing to provide financing to the customers for many years to come,” said Marc Keepman, president, who has been active in KLC Financial since 1987.

“We’re pleased to work with KLC Financial through this transition,” said Kraus-Anderson chairman Bruce Engelsma. “The portfolio sale allows us to focus more fully on our core businesses, and we know that the KLC team is well positioned to provide KA Capital’s clients with the high level of service they have come to expect.”