ePlus to sell financing business to PEAC Solutions

HERNDON, Va. - ePlus inc. (NASDAQ:PLUS), a technology solutions provider with a market capitalization of $337 million and impressive 42% one-year return according to InvestingPro data, announced Monday it has signed a definitive agreement to sell its U.S. financing business to Marlin Leasing Corporation, which operates as PEAC Solutions, a portfolio company of HPS Investment Partners, LLC.

The divestiture positions ePlus as a pure-play technology solutions provider, allowing the company to focus on its core technology and services operations. The move comes as the company demonstrates strong financial health, with InvestingPro analysis showing robust revenue growth of 22.6% and a healthy current ratio of 2.1. According to the announcement, the transaction will provide ePlus with additional capital to pursue growth opportunities in technology services.

"The sale of our financing business gives us incremental capital to focus on growth opportunities and acquisition opportunities in the technology and services space," said Mark Marron, CEO and president of ePlus, in the press release statement. For detailed analysis of ePlus’s growth potential and comprehensive financial metrics, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert insights and actionable intelligence.

The company plans to continue offering financing services to its technology customers through PEAC Solutions following the transaction.

The deal is expected to close within 60 days, subject to various terms and conditions detailed in the company’s Form 8-K filed with the Securities and Exchange Commission.

ePlus, headquartered in Virginia, provides technology solutions including artificial intelligence, security, cloud services, and networking. The company employs more than 2,100 people across the United States, United Kingdom, Europe, and Asia-Pacific.

PEAC Solutions specializes in providing finance solutions to equipment manufacturers, distributors, and dealers across various industries, operating throughout North America, Europe, and the United Kingdom.

Macquarie Capital (USA) Inc. and K&L Gates LLP represented ePlus in the transaction. Financial terms of the agreement were not disclosed in the announcement.

In other recent news, Natural Gas Services Group, Inc. reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.38, compared to a forecast of $0.26. However, the company’s revenue slightly missed projections, coming in at $41.4 million against an expected $42.48 million. Despite this, the company achieved a 12% year-over-year revenue increase, driven by a 15% rise in rental income. Stifel analysts responded by raising the stock target to $33, maintaining a Buy rating, citing the company’s improved 2025 guidance and strong market positioning. Raymond James also reaffirmed a Strong Buy rating with a $32 target, highlighting Natural Gas Services’ robust rental margins and increased revenue guidance. The company’s recent shareholder meeting saw the election of directors and approval of executive compensation, along with amendments to the equity incentive plan. These developments reflect Natural Gas Services’ strategic focus on growth and financial flexibility, further supported by the expansion of its credit facility from $300 million to $400 million.

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