Cit northbridge serves as sole lead arranger on $20 million credit facility for davey coach holdings, llc

New york, feb. 14, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that cit northbridge credit, as advised by cit asset management llc, served as sole lead arranger on a $20 million senior lending facility for davey coach holdings, a portfolio company of progress equity partners and one of the nation's leading providers of new and used shuttle bus and rental services. headquartered south of denver in sedalia, colorado, with additional branch locations in california and indiana, davey coach provides customized solutions in the small and mid-size bus market, representing multiple manufacturer brands, many on an exclusive basis.
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