United Leasing & Finance

What United Leasing & Finance does

United Leasing & Finance is a privately held equipment leasing and finance company founded in 1964 in Evansville, Indiana, and operating as a subsidiary of the family-controlled United Companies conglomerate, which also owns Professional Transportation Inc. and Romain Automotive Group. The company provides customized equipment leasing, equipment financing, and fleet vehicle leasing to businesses ranging from small enterprises to Fortune 100 corporations across all 50 U.S. states and Canada through its ULI Canada subsidiary. Its stated headcount at the ULF level is 1,001–5,000 employees, while parent United Companies employs more than 6,000 workers across its three divisions.

Name

United Leasing & Finance

Legal name

United Leasing, Inc.

Website

https://unitedevv.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

United Leasing & Finance is a privately held, Evansville, Indiana-based equipment leasing and finance company founded in 1964, serving businesses across the U.S. and Canada. It offers customized equipment financing, fleet management software (FleetWave), and used equipment sales across multiple verticals.

Ownership category

akta.pro rank

Product category

Commercial Equipment Leasing & Finance

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Automotive Equipment Rental and Leasing (5321), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212)

SIC

Finance Lessors (6172), Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

Corporate/Enterprise Car Leasing (Closed-End/Open-End) (TLABAAAA)

akta.pro secondary industries

Flatbed & Platform Truck Leasing & Rental (TLABABAE), Dry Van Trailer Leasing/Rental (TLABACAB), Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• Equipment leasing
• Commercial financing
• Fleet management
• Vehicle leasing
• Equipment finance

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Leasing: Provides leasing solutions for various types of equipment including fitness equipment, construction equipment, fleet vehicles, semi-trucks, trailers, manufacturing equipment, 3D printers, and more. Leases are structured with creative financing options tailored to customer needs, budgets, and business cycles.
2. Equipment Financing: Commercial lending and financing solutions for businesses to acquire equipment. Custom financing options for businesses of various sizes from small to Fortune 100 companies.
3. Used Equipment Sales: Sale of off-lease and recovered used assets including semi-trucks, dry van trailers, step vans, and other commercial vehicles. Assets are sold as-is at competitive prices.
4. Fleet Management Services: Comprehensive fleet solutions including vehicle pricing discounts, fleet maintenance programs, licensing and titling services through the FleetWave platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels9 records

Core offering

United Leasing & Finance provides customized equipment leasing and financing solutions for U.S. and Canadian businesses across industries including fitness, fleet management, construction, transportation, and manufacturing. The company offers equipment leasing, fleet vehicle leasing, vendor partnerships, and proprietary fleet management software (United FleetWave and UTRAC). It also sells used off-lease equipment and provides administrative services such as title and registration processing.

Product overview

United Leasing & Finance operates as a diversified equipment leasing and finance company offering a portfolio of products including equipment leasing, fleet vehicle leasing, commercial transportation leasing, and custom financing solutions. The company also provides a proprietary technology stack comprising United FleetWave (cloud-based fleet management software), the Customer Portal (online account management), and UTRAC Fleet Management. These software platforms integrate with third-party telematics, fuel card, and maintenance providers to deliver end-to-end fleet and equipment financing services across the U.S. and Canada. The company also sells used equipment through its online inventory marketplace.

Differentiator

Problem solved

Functional benefit

Products and services

• Equipment Leasing Customized equipment leasing solutions for businesses of all sizes covering industries including construction, fitness, fleet, manufacturing, and transportation. Leases are structured with creative financing options tailored to customer needs, budgets, and business cycles.
• Fleet Vehicle Leasing Fleet vehicle leasing and financing solutions with vehicle selection recommendations, online ordering, mileage reporting, acquisition, and delivery services for commercial fleet operators.
• Administrative Services Administrative support services including title and registration processing for leased vehicles.
• Customer Portal Online self-service portal providing real-time account information, invoice viewing, payment scheduling, and payment history access for leasing and financing customers.
• United FleetWave Cloud-based white-label fleet management software platform that automates and manages the entire operational lifecycle of commercial fleets, including maintenance management, fuel card integration, GPS tracking, license and registration renewals, telematics, accident claims management, and customized reporting.
• UTRAC Fleet Management Fleet management software providing vehicle and driver tracking, maintenance alerts, license and registration renewals, mileage reporting, acquisition and delivery tracking, and exception reporting.
• Used Equipment Sales Sale of used off-lease and recovered equipment including semi-trucks, dry van trailers, step vans, dump trucks, and specialty commercial vehicles. Assets are sold as-is at competitive prices.

Quantifiable outcome

• FleetWave customers report 90% reduction in paper documents and records
• +5 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• StellantiscoreChannel Partner/ Reseller/ DistributorIn Turo partnership context, Stellantis offers up to $8,500 per vehicle in incentives for hosts. United Leasing & Finance serves as lending partner in this ecosystem providing financing options alongside manufacturer incentives.
• NissancoreChannel Partner/ Reseller/ DistributorIn Turo partnership context, Nissan offers dealership-level discounts for hosts. United Leasing & Finance provides financing as part of the vehicle acquisition ecosystem.
• RiviancoreChannel Partner/ Reseller/ DistributorIn Turo partnership context, Rivian offers purchase incentives for hosts. United Leasing & Finance provides financing as part of the vehicle acquisition ecosystem.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Balboa Capital: US equipment financing company providing leases and loans to small and mid-sized businesses across multiple equipment types - comparable product breadth and customer segment focus.
• Ascentium Capital: Private equipment finance provider offering direct loans and leases for commercial equipment across the US, with similar mid-market and SMB focus and similar vertical diversification.
• TimePayment: US equipment finance company specializing in leases and loans for small businesses across diverse verticals - direct comparable in customer profile and product offering.
• Marlin Business Services (now Staleo): US small-ticket equipment leasing company serving SMBs across industries including transportation and commercial equipment - similar vertical and customer profile.
• AP Equipment Financing: US equipment financing firm offering leases and loans to small and mid-market businesses across diverse industries including transportation, construction, and manufacturing - direct vertical overlap.
• GreatAmerica Financial Services: Major US equipment finance company focused on commercial equipment leasing and vendor financing across verticals including fitness, manufacturing, and construction - a direct vertical and business-model match to ULF.

Broad incumbents

• Element Fleet Management: Large commercial fleet management and leasing company focused on vehicle fleets - comparable to ULF's fleet management vertical with FleetWave-like integrated services, but at much larger scale.
• CIT Group (First Citizens): Large US commercial bank with significant equipment finance division serving middle market and large corporate clients - now part of First Citizens Bank; competes in transportation and equipment finance.
• DLL (Rabobank): Global equipment finance subsidiary of Rabobank covering vendor finance, leasing, and asset-based lending across multiple verticals including transportation and construction - operates at much larger scale in ULF's space.
• Wells Fargo Equipment Finance: Major US bank equipment finance division offering leases and loans for vehicles, transportation, construction, and commercial equipment - serves similar mid-market and enterprise customers at larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/united_leasing
• Facebookfacebook.com/United-Leasing-Finance-178976658792051
• LinkedInlinkedin.com/company/united-leasing-inc
• Instagraminstagram.com/unitedleasing_finance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Leasing & Finance