01.07.2025

Merlo goes with First Citizens

Telehandler distribution subsidiary Merlo America has teamed up with First Citizens Bank Equipment Finance to provide a new vendor finance agreement. The deal will provide leasing and lending solutions for Merlo’s construction and agricultural customers.

Merlo America was established last year as a wholly owned subsidiary of the Italian telehandler manufacturer and is based in Rock Hill, South Carolina. First Citizens Bank is headquartered in Raleigh, North Carolina, its Equipment Finance group works largely with original equipment manufacturers, and distributors to provide equipment financing solutions.

Merlo America general manager Cole Renken said: "Our telehandlers and other equipment deliver enormous value to customers who prize quality, reliability and performance from their equipment. We are pleased to collaborate with First Citizens Bank Equipment Finance to provide our clients with outstanding financing options that will empower them to acquire the equipment needed to operate and grow their businesses."

Harold Ray, who leads the construction group at First Citizens Bank Equipment Finance added: "Merlo America is widely recognised throughout the industry for its accomplishments in supplying top quality telehandlers and other construction and agricultural equipment. We look forward to a long and successful relationship with Merlo and its clients in providing financing options that best meet their business objectives."