Capstone Partners With Acresis For New Distributor Product Financing Solutions

CHATSWORTH, Calif., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation ( (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has partnered with Acresis to put together a potentially $100 million dollar product-financing program for Capstone qualified distribution partners to provide much needed working capital and growth capital.

Acresis is a full service firm dedicated to helping founders and owners realize their goals of growth, liquidity and wealth. They assist their clients in achieving their goals through strategy development and execution, detailed planning to achieve sustainable accelerated growth, and securing the necessary funding to support that growth. They lead their clients through successful liquidity events, such as mergers, acquisitions, roll-ups, sale of the company, or capital infusions and prepare the founder or owner for the subsequent wealth that is created.  With an exclusive network of over 400 mid-market private equity firms, family offices and numerous long-term lender relationships for their client's debt related needs, they are uniquely positioned to deliver results. 

RSP Systems, Capstone's distributor in the greater New York area and Connecticut, with support from Acresis, secured an initial $3 million credit facility based on current sales of Capstone products to quality end use New York area customers.

"Working with RSP Systems on securing this $3 million product financing facility was a pleasure. We look forward to partnering with Capstone to roll out this financing program to all qualified Capstone distributors.  It is an excellent opportunity for the distributors to grow their revenue and expand their business with Capstone," said Michael Edwards, Acresis' Operating Partner based in The Woodlands, Texas.

RSP Systems was selected by Capstone as the pilot distributor for this new product-financing program with Acresis as they are in one of the largest and fastest growing combined heat and power (CHP) markets in the world with solid energy efficiency incentives, low cost natural gas and high electric utility rates.

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