Latest transaction confirms Wheeler Financial’s ongoing commitment to Main Street
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data and financial services, today announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with RJ Smith Companies of Richmond, VA. The site development and highway construction firm is investing the capital in equipment to meet growing demand for its services.
RJ Smith Companies has delivered demolition, civil and environmental services since 1995, Specializing in excavation, the firm is winning more and more government contracts, and must regularly invest in equipment to deliver its services to a consistently high standard. A long-time Pitney Bowes customer, the company turned to Wheeler Financial to help it secure capital for this new equipment.
Scott Anderson, CFO, RJ Smith Companies said, “Safety and performance are critical to our business, and to reach the highest standards our customers expect from us, we must invest in the right equipment. From our own experience, we know that Pitney Bowes has a strong heritage supporting small businesses. Wheeler Financial combines this experience with a responsive team, deep industry knowledge and swift access to capital. Now, with their support, we can accelerate our investments and fulfill growing demand for our services.”
“Main Street businesses such as RJ Smith play a crucial role in building the infrastructures that our country, our economy and our people depend on. At Wheeler Financial, we support these businesses with fast, flexible access to capital to help them flourish and grow,” said Christopher Johnson, Senior Vice President and President, Pitney Bowes Financial Services.
About Wheeler Financial from Pitney Bowes
Wheeler Financial™ from Pitney Bowes is a subsidiary of the Pitney Bowes Bank, Inc., Member FDIC, dedicated to helping small to lower middle market clients acquire the critical assets they need to grow and expand their business with innovative financing solutions. The Pitney Bowes Bank, together with Pitney Bowes, has been financing Pitney Bowes equipment for over 20 years. Our expansion into helping our clients finance other purchases reflect our continued commitment to helping our customers grow efficiently and effectively.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; location data; customer information and engagement software; services; and financing. For nearly 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.
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