Wayne & Ascentium Capital Launch Financing Partnership
AUSTIN, Texas — Wayne Fueling Systems is joining forces with Ascentium Capital to offer convenience store and fuel retailers a variety of equipment finance options for Wayne products, technologies and setup costs.
The program officially launched at Wednesday's Southwest Food & Convenience Store Show in Fort Worth, Texas.
"As part of our business strategy, we are choosing to work with leaders in the industry to provide our customers the best retail fuel technology,” said Bill Reichhold, Wayne’s vice president for North America. "We are pleased to collaborate with Ascentium Capital on this initiative to give our customers another option to purchase our industry-leading products and services.”
U.S. retailers are eligible for the Ascentium Capital financing for products such as the Wayne Ovation2 fuel dispenser, Wayne Helix fuel dispenser, Wayne Fusion site automation server, payment upgrades, media programs, services, Wayne Genuine Parts, and more.
Ascentium Capital offers same-day financing with terms tailored to meet specific cash flow needs, noted Tom Depping, Ascentium Capital's CEO.
“Ascentium Capital is focused on providing solutions that enhance growth and profitability. It is rewarding to see our organizations come together and develop a finance offering focused on the success of Wayne Fueling Systems,” Depping said.
“Our unique credit platform allows us to meet the strategic business requirements for Wayne Fueling Systems, their distribution channel, jobbers and the retailers that they service. We anticipate many shared successes,” added Len Baccaro, senior vice president of sales at Ascentium Capital.
Kingwood, Texas-based Ascentium Capital offers finance programs intended to benefit manufacturers, distributors, resellers and franchise organizations, as well as direct financing options for small, mid-sized and Fortune 500 companies across the United States.
Austin-based Wayne Fueling Systems is a global provider of fuel dispensing, payment, automation and control technologies for retail and commercial fuel stations.