FAQ - LeaseQ Acquisition

Q: What are the terms of the deal?

A. This is a private transaction between closely held companies, and the terms are not being disclosed.

Q: Is this a merger of equals, or is one company acquiring the other?

A: LeaseQ, with its more established equipment financing marketplace, is acquiring Noesis and will be the controlling entity. Vernon Tirey, co-founder and CEO of LeaseQ, will be CEO of the combined businesses; and Scott Harmon, founder and CEO of Noesis, will assume a position as strategic advisor. Matt Worth will be General Manager of the Noesis business unit. Scott Jones, CFO of Noesis, will become CFO of LeaseQ.

Q: Where will the business be based?

A: The company will be based in Boston, MA, at LeaseQ’s headquarters. The company will maintain operations in both Boston, MA and Austin, TX, Noesis' former headquarters. 

Q. What equipment sellers and lenders does Noesis work with?

A. Noesis works with a strong, unique set of equipment sellers and lenders, unique to the commercial building equipment vertical. Many of these customers are under strict NDA contracts, but include leading manufacturers of energy efficiency equipment, and mechanical service and LED lighting companies.

Q. Will current Noesis equipment sellers and lenders be added to the LeaseQ platform?

A. Yes. LeaseQ shares some lenders with Noesis, and will add the remaining lenders and vendors to its network to better serve the commercial building equipment vertical, and beyond.

Q. What will happen to current Noesis leadership and staff?

A. Scott Harmon, founder and CEO of Noesis, will assume a position as strategic advisor. Matt Worth will be General Manager of the Noesis business unit. Scott Jones, CFO of Noesis, will assume the role of CFO of the combined company. LeaseQ will be adding Noesis tech talent to its team, as well as expanding its sales and funding teams to support the companies’ combined growth.

 

About LeaseQ

LeaseQ is an online marketplace that connects businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy. The LeaseQ platform is a free, cloud-based SaaS solution with a suite of on-demand software and data solutions for the equipment leasing industry. LeaseQ provides business process optimization (BPO) and information services that streamline the purchase and financing of business equipment across a broad array of vertical industry segments. Learn more at www.leaseq.com.

About Noesis

Noesis, a LeaseQ company, is the leading tech-enabled equipment leasing marketplace for financing energy-saving commercial building improvements. Noesis' innovative payment plans are designed for building equipment replacements and energy efficiency upgrades and are supported with a streamlined online application process that matches building owners to a lender in Noesis' syndicate of leading equipment leasing companies. This process results in a quick application and funding process, high approval rates, and competitive rates and terms. Started in 2011, Noesis is used by over 200 commercial HVAC, lighting, and controls companies who collectively sell billions of dollars in equipment annually. For more information please visit www.noesis.com.