Onset Financial Acquires Mazuma Capital
South Jordan, Utah — 09 JAN 2014 — Onset Financial has completed its acquisition of Mazuma Capital Corp, a Draper Utah based Equipment Leasing and Financing company. The two organizations, which had previously been competitors, are excited for the increased opportunities their new union will bring. Both entities will continue as independent companies under the direction of Onset Financial.
"We are excited to have Mazuma Capital as part of the Onset Financial group of companies," said Justin Nielsen, Onset's Chief Executive Officer. "We look forward to providing Mazuma with more diverse funding sources, and greater opportunities to write business. Additionally, we've worked hard to established a unique and exciting corporate culture at Onset, and we are eager to inject that culture within Mazuma."
"I am thrilled with this acquisition," adds Matt Burrows, SR. V.P. of Sales with Mazuma. "In the past, we've dealt with transactions where providing underwriting became difficult. With the full resources of Onset behind us we now have a greater ability to match our clients with funding terms that meet their needs."
"We've been very aware of the success and talents within Mazuma, and saw this as an opportunity to combine our strengths and grow both organizations," said Scott Miller, President of Onset Financial. "We are excited for the future and where this acquisition will take us."
About Onset Financial, Inc. — Founded in 2008, Onset Financial, Inc. is an Equipment Leasing & Financing company specializing in providing increased funding options to its clients. Onset's seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information, please call 801 878 0600 or visit www.onsetfinancial.com.