KLC Financial Acquired Kraus-Anderson Capital’s Assets

For Immediate Release

November 6, 2015

Contact: Spencer D. Thomas
spencer@klcfinancial.com

KLC FINANCIAL ACQUIRED KRAUS-ANDERSON CAPITAL’S ASSETS

Minneapolis, Minnesota - October 28, 2015 - KLC Financial, Inc. (KLC) a market leader in commercial equipment leasing & financing businesses nationwide, has acquired the portfolio and others assets of Kraus-Anderson Capital, Inc. (KAC). The acquisition provides KLC with a large customer base of established businesses and with a greater expertise in the leasing and financing of construction equipment for businesses of all sizes.

KLC Financial has been specializing in custom business financial solutions for all types of businesses since 1987. Being a truly independent financing company, KLC is able to create custom lease financing solutions for the ever-growing market today. Clients include Fortune 500 companies, middle-market, small businesses and start up business ventures, KLC has developed sophisticated leasing plans to match this diverse marketplace.

“We look forward to continuing to provide a high level of service to Kraus Anderson Capital’s customer base and we look forward to continuing to provide financing to the customers for many years to come,” said Marc P. Keepman, President, who has been active in KLC Financial since 1987.

KLC is a Minnesota based company with a strong reputation for providing custom equipment leasing and financing solutions. KLC has established strategic programs with a host of banks, equipment vendors and other equipment finance companies nationwide. Resulting in client relationships generating consistent growth in equipment lease and finance agreements annually and is expected to grow with the addition of KAC’s portfolio. While continuing to build volume profitably, KLC is committed to establishing solid, long-term relationships with clients, investing partners and referral sources.

“We’re pleased to work with KLC Financial through this transition,” said Kraus-Anderson Chairman Bruce Engelsma. “The portfolio sale allows us to focus more fully on our core businesses, and we know that the KLC team is well positioned to provide KA Capital’s clients with the high level of service they have come to expect.”

For more information about the leasing and financial business services provided by KLC Financial please visit http://klcfinancial.com/ or contact the customer care team at (952) 224-4300.