Rockford Inks Deal
SANTA ANA — Rockford Industries Inc., a specialty finance firm, said Monday that it has agreed to underwrite and manage the financing deals put together by a newly established unit of a Provo, Utah, company.
Rockford said it will provide NACT Telecommunications Inc.’s new unit, NACT Capital, with leasing, financing and billing services for customers. Rockford also will provide underwriting, funding, reporting and marketing support.
NACT Capital generates about $12 million a year in revenue, but neither company revealed terms of the deal, including Rockford’s expected revenue.
NACT Telecommunications is majority-owned by GST Telecommunications Inc. in Vancouver, Wash.
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