NEW YORK, USA - Dynapac North America LLC., a construction equipment manufacturer, has entered into a new vendor finance agreement with First Citizens Bank Equipment Finance., aiming to expand leasing and lending options for customers purchasing road construction and compaction machinery. The partnership is designed to support Dynapac’s dealer network and distributors with tailored financial solutions to acquire asphalt rollers, pavers, feeders and light equipment.
Headquartered in Fort Mill, South Carolina, Dynapac is a global manufacturer of road construction equipment and a subsidiary of France-based Fayat Group. The new financing initiative is expected to help contractors and equipment buyers access modern machinery more easily, ultimately enhancing the speed, safety and efficiency of road construction, maintenance and repair projects.
Mr. Yann Monnet, President and General Manager of Dynapac North America, said, “Dynapac's compaction and paving solutions enable contractors to achieve high-quality and consistent results,” Monnet noted. “Partnering with First Citizens Equipment Finance allows us to offer flexible financing options that support dealers and customers in growing their businesses.”
Mr. Harold Ray, head of the construction group at First Citizens Bank Equipment Finance, said, “Dynapac is a trusted provider recognized for its engineering quality and robust dealer support. This program enables us to deliver a tailored retail and rental financing platform to help its network access the equipment best suited to their needs.”
First Citizens Bank’s Equipment Finance division supports OEMs, vendors and small to midsize businesses through a national team, technology-driven platforms and customized structuring capabilities.
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