Trident Trucking, LLC

Trident Trucking, LLC

Excavator at Construction Site

Excavator at Construction Site

After consummating the deal with NFS Leasing, Trident Trucking was able to cut its monthly equipment expense in half. With that additional cash flow, it experienced increased profitability, and the flexibility and opportunity to grow its business. “They were simple and straightforward, very honest and upfront with what could be accomplished,” said Frank Bou of Trident Trucking.

Trident Trucking, LLC

SUMMARY

A new contract resulting in increased business volume can drive profitable growth but the required investments that enable that growth can present a big challenge, sometimes resulting in missed opportunity. This is a story of how a construction company’s growth was enabled.

  • A long-term solution was needed to secure an advanced model Excavator, but short-term traditional financing requirements were not feasible..
  • The custom financed solution allowed the company to cut its monthly equipment expense in half, allowing for additional cash flow, and the ability to update its equipment to bid more competitively in a highly competitive market.

THE CLIENT

Trident Trucking is a site contractor for large scale construction projects. Trident currently possesses the capabilities to completely excavate a site and set it up so that others may come in and build vertically.

The Trident Trucking team has grown to 25 members, and has an exciting vision for the future. Trident Trucking has ambition to become land developers themselves, a natural next step in the growth process for the company.

THE CHALLENGE

Trident Trucking was in need of newer, more advanced equipment, to meet expanding capacity needs. It had just signed an upcoming long-term project with a past customer and its current equipment would not be able to support the contract efficiently. Its initial thought was to either use its old equipment or rent new, advanced excavators, however each option had drawbacks:

  • Continuing to use the older equipment could potentially compromise the timeline, efficiency and quality of the job, as well as add to the costs, as repairs and updates would be needed
  • Renting new equipment may make sense for short-term projects, but when facing a long-term project, the economics simply did not add up.

THE SOLUTION

Trident Trucking sought financing which would allow it the opportunity to purchase the new excavators. Connecting with banks was its first choice, until it quickly realized that the banks required too much upfront money and the time it would take to close the deal would be far too long. Trident then came across NFS Leasing and effectively and efficiently worked together to complete an equipment lease that would be mutually beneficial.

NFS Leasing delivered a custom solution. “They were simple and straightforward, very honest and upfront with what could be accomplished,” said Frank Bou of Trident Trucking. “We were able to successfully write our project plan based on NFS’s commitment and that helped us start off the project on the right foot.”

EXECUTION

Trident Trucking and NFS Leasing were able to work closely together through the entire process, which allowed the project to begin on time and run smoothly. Bou adds, “The communication with NFS Leasing was great. They were very easy to reach, hassle-free, and extremely knowledgeable.”

No matter what the question is, whether it is on the terms of the deal or important deadlines, the NFS Leasing team is highly responsive and will find the answer.

RESULTS

After consummating the deal with NFS Leasing, Trident Trucking was able to cut its monthly equipment expense in half, from $85,000 to $42,000. With that additional cash flow, it experienced increased profitability, and the flexibility and opportunity to grow its business.

Freeing up that amount of cash flow not only allowed Trident the ability to update its equipment, but to also bid more competitively in a highly competitive market. Trident Trucking is now looking at obtaining and developing its own site for construction.



  • Daniel Bunn, Owner
    "NFS was very flexible when working through the terms. They let us know what they were willing to do for us, how it needed to be done, and why it needed to get done. Having structured multiple deals with them, it's safe to say I appreciate their partnership."
    Daniel Bunn, Owner
    Mega Highwall Mining
  • Todd Tackett
    "I had a great conversation with NFS on what we wanted to do with the equipment and what we were seeking in a lease agreement, and thankfully, NFS helped us find a solution. While I have been in the mining industry for 24 years, I had never done a deal this large. Engaging with NFS was hassle-free and we were happy that we found a solid partner to fund such a large and important deal."
    Todd Tackett
    Construction and Reclamation Services
  • Kevin Richardson, CEO
    "They clearly laid out the deal and terms. They were direct and honest with what they were and were not able to do. No nonsense, no trickery. That allowed us to build a relationship based on trust and the process was simple and fluid because of it. What would have taken ten to fifteen years will now take four years thanks to NFS Leasing. This is allowing us the opportunity to save limbs and lives now. NFS Leasing was and is still genuinely interested in Sanuwave and working towards its continued success. Money is a commodity and can be found almost anywhere but finding a partner who cares about the company means a lot to us."
    Kevin Richardson, CEO
    Sanuwave
  • Matthew Hoar, CFO
    "Working through the initial challenges with NFS was excellent. The level of responsiveness was fantastic, and they have an extremely high level of service. NFS followed a simple process. The communication was fast and realistic. Overall, I would give NFS an A+."
    Matthew Hoar, CFO
    Flow Water
  • Malachi Salcido
    "NFS was willing to sign lease deals that were fair, while it felt like other leasing companies would take advantage of us at every opportunity. It seemed as if NFS wanted to get the deal done. There were no onerous processes, no particularly crafted steps and procedures to follow, which made NFS easy to work with."
    Malachi Salcido
    Salcido Enterprises
  • Monty Galland, CEO
    "NFS was patient when we engaged with them and I really appreciated that. We had a unique situation being a waterpark and having a lot of moving parts from the manufacturer. Finding a financial partner that had the ability to be flexible in the terms and the patience to deal with inconsistent communication from the manufacturer was incredibly helpful for us."
    Monty Galland, CEO
    BRTX
  • Frank Bou
    "The communication with NFS Leasing was great. They were very easy to reach, hassle-free, and extremely knowledgeable. They were simple and straightforward; very honest and upfront with what could be accomplished. We were successfully able to write our project plan based on NFS's commitment and that helped start off the project on the right foot."
    Frank Bou
    Trident Trucking
  • Rob Grenley,  Director, Corporate Finance
    "POP Gourmet was experiencing rapid growth and demand. As a young company we needed an equipment finance partner that would get to know us as a company and grow with us. NFS Leasing stepped in and took the time to get to know our Company and partner with us to acquire the production equipment we needed. NFS provided flexibility, responsiveness, and value. We highly recommend NFS."
    Rob Grenley, Director, Corporate Finance
    POP Gourmet, LLC
  • Jon Radoff, CEO
    "Having worked with NFS Leasing at a prior firm, when we started Disruptor Beam I did not hesitate to call on them again. Dean and the team at NFS Leasing really get it. They listen and understand our story and our needs, and they have numerous vendor relationships that help provide a superior level of service. When we grow they are always willing to grow with us. I recommend them highly."
    Jon Radoff, CEO
    Disruptor Beam
  • Gary Kendall, CEO
    "Limestone Networks has been working with the team at NFS Leasing for several years. They took the time to understand our company, the needs of our business, and our growth strategy. They are fast, responsive, and thorough. NFS has become not only a supportive vendor, but an integral part of our success."
    Gary Kendall, CEO
    Limestone Networks
  • Brian Hierholzer, President
    "From the beginning, NFS Leasing has been an invaluable asset in helping us serve our customers. Their team of experienced executives has enabled our channel oriented business model, and they are an outstanding partner, offering flexible and creative solutions to our financing needs. It has been a pleasure working with NFS and we look forward to their assistance in providing our future finance needs."
    Brian Hierholzer, President
    Artisan Infrastructure
  • Sam Naficy, President and CEO
    "In the early stages of our growth at DTT our business model required that we explore leasing as a way to finance our growth. NFS Leasing stepped up and partnered with us. They took the time to really understand our business and gave us the financial flexibility to add customers without concern for financing the required equipment to do so. They were honest and responsive and I would highly recommend them as an equipment leasing source."
    Sam Naficy, President and CEO
    DTT Surveillance
  • Ilya Beyer, CTO
    "A rapidly growing technology business like nScaled has constant equipment needs. Leasing was a perfect way to get the equipment we needed, when we needed it, and allow us to continue to focus resources on our operation. NFS made leasing easy for us, and has grown with us as we have expanded as a company. If you want to speak with someone that can help you with your infrastructure expansion business needs, you should call the team at NFS Leasing."
    Ilya Beyer, CTO
    nScaled
  • Cy Smith, Founder & CEO
    "AirSage pioneered the transformation of wireless network signaling data into powerful location information, creating a way to collect and analyze real-time mobile signals to produce over 15 billion anonymous locations every day. As a growing technology firm with state-of-the-art data and technology requirements, having updated equipment is essential to the growth of our business. That's why we rely on, and wholeheartedly recommend, NFS to take care of any equipment finance needs."
    Cy Smith, Founder & CEO
    AirSage
  • Rick Forry, Finance Manager
    "NFS has enabled Everyone Counts to keep up with emerging technology and provide the tools needed to bring modern election administration and voting systems to election officials. Their flexibility and knowledge of the technology industry sets them apart from the other leasing providers. They are responsive, easy to work with, and consummate professionals, I recommend them highly!"
    Rick Forry, Finance Manager
    Everyone Counts
  • Bob Brick, CEO
    "Agile Networks turned to NFS Leasing to finance a major network expansion resulting in the first and only statewide 1 Gigabit backhaul network providing services in all 88 Ohio counties. NFS was especially easy to work with, exceptionally efficient, and thorough in their approach. Their contributions were critical for us to complete our expansion in record time for our customer, a major mobile carrier. I highly recommend NFS as a trusted partner and look forward to working with them as we continue our growth."
    Bob Brick, CEO
    Agile Networks