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ARROW CAPITAL CONTINUES EXPANSION WITH ACQUISITION OF MARQUIS CAPITAL
New Acquisition Further Diversifies and Strengthens Company's Market Reach
SAN JOSE, Calif., January 29, 2002 - Financial services company Arrow Capital Corporation announced today that it has acquired Marquis Capital, an equipment leasing broker specializing in small-ticket vendor leasing programs for automotive repair equipment and computer hardware and software packages for small businesses. In addition to acquiring most of the assets and assuming some of the liabilities of Marquis Capital, Arrow will retain all Marquis personnel, which will maintain continuity of their business flow.
At the same time, Arrow announced that Stanley F. Marquis, formerly president of Marquis Capital, will assume the role of vice president of finance and chief financial officer for Arrow. Marquis will be responsible for activities such as fund raising, credit management and financial management.
Marquis Capital funds vendor transactions ranging in value from $2,500 to $75,000, which are considered "small-ticket" leases, whereas Arrow focuses on mid-market vendor financing programs. "Arrow and Marquis serve completely different markets but both companies have a strong vendor focus, making this acquisition a complementary fit that will increase Arrow's capabilities," said Steve Trollope, CEO of Arrow Capital. "It will also give existing customers of Marquis Capital access to additional financing options and will make small-ticket financing accessible to Arrow's vendor partners," added Stan Marquis.
Stan Marquis has more than 30 years' experience in the equipment leasing industry and was founder and president of both Triad Systems Financial Corporation and Marquis Capital. He is a former director of the Equipment Leasing Association and has a BS degree in Accounting and is a Certified Public Accountant.
About Arrow Capital
Founded in 1988, Arrow Capital is a financial services company that creates innovative, customized equipment leasing programs that enable its customers to increase revenue, maximize profitability and grow market share. Arrow sets itself apart with its financial program flexibility, broad funding capabilities, long-term company stability and deep industry experience. Arrow has headquarters in San Jose, Calif. and sales offices in several other California locations and the East Coast.
Arrow Capital can be contacted at 6910 Santa Teresa Blvd., 2nd Floor, San Jose, Calif., 95119-1339; phone 408-961-8900; fax 408-961-8957; info@arrowcapital.net
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