ePlus Sells Financing Business to PEAC Solutions
In an important move aimed at realigning its business focus, ePlus Inc. (NASDAQ NGS: PLUS) has signed a definitive agreement to sell its domestic financing business to PEAC Solutions, a subsidiary of Marlin Leasing Corporation and a portfolio company of HPS Investment Partners. The announcement, made on June 23, 2025, marks a significant strategic shift for ePlus as it transitions to a pure-play technology solutions provider.
Mark Marron, CEO and President of ePlus, expressed optimism regarding the sale, noting that PEAC Solutions is widely recognized for its superior customer service and financial offerings. He emphasized the importance of this divestiture, stating, "The sale of our financing business provides us with additional capital which will enable us to pursue growth and acquisition opportunities in the tech sector."
The completion of this transaction, expected within approximately sixty days, is subject to standard regulatory conditions as detailed in the company’s filings with the Securities and Exchange Commission. The move comes at a time when ePlus seeks to concentrate on key growth areas that have burgeoned in the technology landscape, such as artificial intelligence, cybersecurity, and data center modernization.
By divesting its financing operations, ePlus is not only enhancing its financial position but also gaining the flexibility to succeed in high-growth sectors. As Mark Marron explained, the company is reimagining its role in the market, aiming to expand its customer base and enhance its service offerings.
"We are committed to building our solutions and services capabilities through both organic growth and strategic acquisitions," Marron added, indicating that ePlus is set to redefine its market engagement strategy.
While ePlus will cease direct financing operations post-transaction, it will continue to offer financing solutions through PEAC, ensuring that its technology customers and vendors have access to necessary funding services. PEAC Solutions is known for its extensive experience across diverse settings, serving thousands of organizations globally with innovative finance solutions tailored to their unique needs.
For PEAC Solutions, this acquisition represents an expansion in its operational capabilities and reach. The firm, a key player in asset finance, specializes in providing financial solutions to equipment manufacturers and distributors across a broad spectrum of industries. With a presence in North America, Europe, and the UK, PEAC is poised to leverage this new acquisition to bolster its market share and customer service capabilities.
ePlus has been represented in this transaction by Macquarie Capital (USA) Inc. and KL Gates LLP, both of whom have extensive experience in corporate financial transactions. As ePlus proceeds with its new strategic direction, investors and stakeholders are encouraged to monitor the evolving circumstances that come with this transition.
As ePlus looks to the future, it remains focused on delivering exceptional results through technology solutions that meet prevalent customer needs, aligning itself as a partner in driving innovation and overcoming modern business challenges. With a rich history spanning over three decades, ePlus is well-equipped to navigate the complexities of the ever-evolving tech industry, ensuring that they remain at the forefront of technological advancements.
For more information about ePlus and its array of transformative technology solutions, you can visit
www.eplus.com or follow them on social media channels like LinkedIn and X for the latest updates.