MAY 20, 2024, NORWALK, CT – North Mill Equipment Finance (“NMEF”) announced today that Thomas Lyle has joined as Executive Vice President and Chief Experience Officer (EVP&CXO). Mr. Lyle brings over two decades of senior operational experience from leading global equipment finance platforms to NMEF.
Most recently, Mr. Lyle was the Chief Operating Officer at PEAC Solutions, a $4+ billion independent equipment financing platform, where he oversaw operational digitization and efficiency optimization, including developing shared servicing centers for back-office operations. Prior to PEAC, Mr. Lyle was Head of Global Leasing at Xerox Financial Services, where he led a $3+ billion captive leasing business across North America and Europe. Mr. Lyle also served in various credit and operations roles at Pitney Bowes and HP Financial Services. Mr. Lyle earned his MBA from NYU’s Stern School of Business and lives with his family in Westport, CT.
“Tom’s arrival marks a significant milestone in our strategic expansion. NMEF has seen tremendous growth over the last 5 years, increasing total assets more than tenfold while increasing the total number of customers by over three times. Adding a talented executive of Tom’s caliber with his breadth of knowledge and experience will allow NMEF to achieve a greater overall customer experience and accelerate future growth while adding a talented mentor and manager for our employees,” Mark Bonanno, NMEF’s President and COO said.
Tom Lyle said, “I am thrilled to be joining the exceptional team at NMEF. Their longstanding relationships with origination partners and their award-winning ability to access the capital markets provides a strong foundation for their next phase of growth. I look forward to expanding our capabilities to better support our partners, customers, and investors.”
Added David Lee, NMEF’s Chairman and CEO, “bringing in Tom’s successful global multi-billion operational experience will enable us to achieve our second five-year milestone of growing into a $5 billion equipment and specialty finance platform, having already achieved our first five-year milestone of growing into a $1 billion platform. Through both selective hiring and opportunistic acquisitions in equipment finance and small business lending, we are always eager to add world class executive talent such as Tom to the growing NMEF family of companies.”
About NMEF
NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,500,000 in value. A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, renovation, janitorial and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, and Voorhees NJ. For more information, visit www.nmef.com. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans since 2003 from offices in North Hollywood, CA and Las Vegas, NV. For more information, visit www.britecap.com.