ATEL Leasing, a subsidiary of ATEL Capital Group, provided lease financing for essential capital equipment to multiple Berkshire Hathaway subsidiaries.
Berkshire Hathaway, led by Warren Buffett, is one of the world’s most influential holding companies with a market capitalization exceeding $715 billion, according to a Feb. 3 ATEL release. It owns a diverse portfolio of businesses and holds significant investments in firms such as Apple, Coca-Cola, and American Express.
As part of the financing, San Francisco-based ATEL funded Freightliner over-the-road tractors for Shaw Industries, the world’s largest carpet manufacturer, according to the release. Based in Dalton, Georgia, Shaw produces more than 3,000 styles of carpet and laminate flooring and relies on an extensive logistics network to distribute its products nationwide.
ATEL also provided financing to McLane Co., a Berkshire Hathaway subsidiary and one of the largest wholesale distribution and logistics providers in the U.S., according to the release. The lease agreement included Crown material handling equipment, such as forklifts, reach trucks, order pickers and pallet jacks, to support McLane’s operations across all 50 states.
The collaboration underscores ATEL’s expertise in customized lease financing, offering capital solutions that help businesses scale and operate efficiently, according to the release. ATEL continues strengthening its role as a financing partner for major corporations and equipment, including Harbinger EV.
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