Vancouver, B.C., (Oct. 4, 2023) — Peak Renewables Kootenays (Peak Renewables) marks as the first client to achieve funding through Progressive Capital Equipment Finance Inc. (Progressive Capital) – a wholly owned subsidiary of Dynamic Capital Equipment Finance (Dynamic Capital) – achieving a $2.5 million credit facility used for strategic growth in supporting renewable resources in North America.
In partnership with Indigenous communities, Peak Renewables supplies renewable lumber products across Canada, offering a wide range of quality value-added products to the construction industry for the past 40 years.
“Our aim is to provide quality products, using modern technology and innovation to support a world that builds with wood,” says John Broere, CFO of Brian Fehr Group Holdings, the parent company of Peak Renewables. “With the help of Dynamic Capital, we’re able to achieve the capital required in continuing our efforts in supporting sustainable growth, creating social and economic prosperity for communities without compromising future generations.”
In June 2023, Dynamic Capital announced its new funding line, Progressive Capital, adding $55 million to its funding capabilities and giving Dynamic Capital even more tools to assist clients in their growth. Through margining both equipment and real estate, Dynamic Capital was able to structure a solution that best suited Peak Renewable in its strategic growth.
“We are committed to supporting Canadian Entrepreneurs in a broad range of heavy industries, including lumber,” explains Dustin White, CEO of Dynamic Capital. “On a daily basis, our Direct, Vendor, TPO, Structured, and Fleet divisions provide a full spectrum of products and solutions for our valued clients – we’re continually thankful to be trusted with growing great companies like Peak Renewables.”
Dynamic Capital’s ideas, advice and solutions are designed to help its clients achieve both their short- and long-term goals. If you are interested in exploring funding solutions for your business or your clients, or if you are wanting to join this exciting, growing company, visit www.dynamiccapital.ca.