Harman and Quail Capital Corp form Harman Equipment Finance
WORLD: Harman Professional, Inc and Quail Capital Corp have announced the formation of Harman Equipment Finance (HEF) to deliver capital to acquire Harman’s products including Studer, JBL, Martin Professional, Soundcraft and Crown.
‘Quail Capital Corp will provide us with the best of all worlds in customer financing, offering both finance agreements and lease structures to our varied customer base worldwide,’ said Phil Tatro, director of order to cash for Harman Professional, Inc. ‘Quail has the unique ability to access the widest variety of funding. They were very effective advisors in developing a comprehensive finance programme for our customers. We are confident they will help us achieve an increase in sales and greater control of our selling cycle, while also reducing credit risk to Harman.’
‘Quail Capital has been providing equipment financing to our customers for many years,’ added Brian Friborg, Harman vice president North American sales and former president of Martin Professional. ‘We are very excited to bring their expertise and excellent customer support to the entire Harman family. They are a trusted advisor to both Harman and our customers.’
‘We are humbled to be chosen by such a legendary company as Harman to provide financing solutions to their customers,’ said Jeff Rudin, CEO Quail Capital Corp. ‘Our more than 20 years serving the entertainment industry will continue to provide the most innovative options for our mutual customers.’