Wafra Announces Acquisition of Navitas Credit Corp

Navitas, a leading provider of equipment finance solutions, will continue to be led by its current management team after the transaction is completed.

Navitas specializes in financing essential equipment purchases for small and mid-sized businesses. The company is built on strong integrity and a commitment to excellent customer service, offering tailored financing solutions based on deep industry experience. Headquartered in Ponte Vedra, Florida, Navitas operates across the United States with more than 200 employees in six locations.

The transaction is expected to close in the third quarter of 2026, subject to standard closing conditions.

Bank of America and Wells Fargo are providing financing for the acquisition, along with an additional $1.0 billion in funding capacity to support Navitas’ future growth.

BofA Securities acted as the exclusive financial advisor to United, and Squire Patton Boggs (US) LLP served as its legal advisor.

Sidley Austin LLP acted as lead transaction counsel to Wafra. Additional legal support came from Chapman and Cutler LLP for financing and Clifford Chance LLP for fund-related matters. Rinaldi Advisory Services provided Wafra with operational due diligence advice.

"Navitas has distinguished itself in the equipment finance industry by growing successfully through multiple cycles while consistently serving its customers and delivering strong financial performance," said Edward Tsai, Head of Real Assets & Infrastructure at Wafra. "The strength of its team has driven the company's success, its disciplined underwriting approach, and its solutions-oriented commitment to its partners and customers. We are pleased to add Navitas to our portfolio of high-quality asset-backed businesses and look forward to supporting the company through its next phase of growth."

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Anthony Peek, Managing Director, Wafra, added, "This transaction builds on Wafra's long-standing experience partnering with management teams across numerous equipment finance platforms to provide aligned capital and strategic support."

"Today marks an exciting next chapter in the evolution of Navitas," said Mike Bruman, CEO of Navitas. "This transaction reflects the strength, and success of Navitas and positions us for continued growth as an independent equipment finance company. We are deeply grateful to United Community for its partnership, support and belief in our vision. Their investment in our business has helped build the organization we are today." He added, "As we look to the future our growth trajectory and ambitions called for a different capital structure.

About Navitas

Navitas, based in Ponte Vedra, Florida provides equipment financing solutions for small, and mid sized businesses. The company focuses on helping customers fund essential equipment purchases across a range of industries. It operates nationwide, and is known for its strong service quality and long term customer relationships.

About Wafra

Founded in 1985, Wafra is a global alternative investment manager with about $30 billion in assets under management across areas like strategic partnerships, real assets and infrastructure and real estate. The firm provides flexible, long term capital solution's and partners with high quality asset owners, companies and management teams. Wafra is headquartered in New York with additional offices in London and Bermuda.

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