LiuGong plans to incorporate PEAC Solutions into its network of financing providers. Credit: SaiArLawKa2 / Shutterstock.

Asset finance company PEAC Solutions has forged a partnership with LiuGong North America to initiate a new financing programme in the US.

Under the collaboration, which commenced on 1 July 2024, PEAC Solutions becomes a preferred finance partner for LiuGong North America.

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It will provide tailored financing solutions for LiuGong’s construction equipment and material handling divisions across the US market.

LiuGong plans to incorporate PEAC Solutions into its network of financing providers.

This partnership is expected to broaden and deepen the range of financing products accessible to the LiuGong dealer network.

PEAC Solutions will offer an array of financing options, including retail end-customer financing, inventory floor plan financing, and dealer rental fleet financing.

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LiuGong North America vice president of dealer administration and finance Joseph Andris said: “The addition of PEAC Solutions to our growing portfolio of preferred finance partners will support the continued growth and success of our dealers and end customers throughout the US.

“Both our construction equipment and material handling divisions are excited to have PEAC on board as a preferred finance partner.”

PEAC Solutions senior vice president of construction, transportation and industrial sales Tibor Horvath said: “Having successfully supported LiuGong in Europe for years, we are thrilled to extend our partnership to LiuGong’s construction equipment and material handling divisions in the US.

“By combining LiuGong’s high-quality range of machinery with PEAC Solutions’ diverse suite of financial products, I am confident that we will deliver unparalleled value to LiuGong, its dealer network, and its customers.”

PEAC Solutions operates globally, offering finance solutions to manufacturers, distributors, and dealers in various industries and asset classes.