Zephyr Leverages Leasebacks for Business Expansion

Background

Location: New York, NY

Fleet Size: 215 Vehicles

Industry: Industrial

THE CHALLENGE

In the fast-paced process of acquiring a number of small home services companies nationwide, Zephyr needed to maintain a rapid vehicle acquisition schedule to support a high level of service.

THE SOLUTION

Zephyr leveraged our Leaseback program, opting to sell its vehicles to Enterprise Fleet Management and lease them back. This way, they still own the equity in the vehicles, but our team holds vehicle titles for asset-back lending. From there, the company could establish a new line of credit, using their resale equity to fuel growth.

THE RESULTS

Bayer states that partnering with Enterprise Fleet Management allowed Zephyr to standardize and increase fleet efficiency. Through the Leaseback program, the company gained a new line of credit as well as access to total fleet management services tailored to Zephyr’s specific requirements. This lifted Zephyr’s administrative burdens they could focus on growing the company.

We sought a one-stop shop that could manage our national fleet so we could concentrate on our core HVAC business. We selected Enterprise Fleet Management because of its dedicated, hands-on approach that moves beyond the traditional vendor-client relationship. It relieves you of the overhead and corporate burden of having someone in-house and it eases administrative headaches—the Enterprise team has people who operate across multiple states.

Nick Bayer, Vice President of operations

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