GreatAmerica Financial Services Corporation
About GreatAmerica Financial Services Corporation
Company overview
GreatAmerica Financial Services is a leading, independent, family-owned national commercial equipment finance company in the United States. Founded in 1992 in Cedar Rapids, Iowa, the company is dedicated to helping manufacturers, vendors, and dealers grow their businesses and retain their customers for a lifetime. GreatAmerica offers a full suite of financing solutions including equipment leasing, loans, and power purchase agreements, designed to provide flexible payment options and improve cash flow for its channel partners. Beyond traditional financing, GreatAmerica distinguishes itself by providing innovative non-financial services such as portfolio management, human resources consulting, and technology integrations. These value-added services (delivered through dedicated divisions like PathShare HR Services and GreatAmerica Portfolio Services) help clients streamline operations and boost efficiency. With specialized programs tailored for industries including office imaging, technology, construction, automotive, healthcare, and EV supply equipment, GreatAmerica's comprehensive approach supports the entire lifecycle of equipment financing from origination and funding to ongoing asset management.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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