Incredible Relationship

International Funding

167,000,000 Funded

Company Overview

As a global leader in automotive safety, this international company has been leading the way in innovation and technological advances for over a century. Since its inception, they have taken pride in finding the best and most talented engineers to find and create solutions for vehicle manufacturers across the world. Their commitment to safety and dedication to their craft has turned them into a one-billion-dollar a year powerhouse.


Company Revenue

Operating Lease; Capital Lease


Onset + Manufacturing

Our first transaction with the customer was $5M for equipment in the United States and Mexico. However, a massive reorganization and debt recapitalization a couple of months prior made it tough to assess an accurate financial picture. In fact, after some tough negotiations, the transaction almost fell apart.

But because of our dynamic funding abilities, we were able to deliver what was needed. Since then, we’ve funded a broad range of equipment, from manufacturing to inventory, racking and shelving, and everything in between. This customer has presented some extremely tight and quick deadlines. It’s not often an independent equipment leasing company can provide millions-of-dollars in a matter of a week but that’s what happened. What’s even more incredible is Onset has been able to finance relatively unsecured international equipment in transactions for this company time and time again.

We’ve been able to help them acquire equipment from Romania, Belgium, and Italy in addition to the US and Mexico. And, we have developed a solid relationship with this company and have helped them grow their revenue by nearly three-times. Our transactions have given them the freedom not to utilize their line of credit and use cash for growth instead of putting it into equipment. The equipment financed generates forty to fifty thousand dollars of revenue, per location, all-day, every day. Onset is proud to team-up with this billion-dollar company to provide operating lease capital to this global T1a supplier.