EPlus Sells Financing Business to HPS Investment Partners

EPlus is selling its financing business to HPS Investment Partners, a provider of financial solutions for the technology industry. The transaction includes the sale of EPlus' financing of IT equipment, software, and related services to commercial enterprises, state and local governments, and government contractors. The deal is expected to enhance EPlus' focus on its core business of providing technology solutions across various segments, including security, cloud, data center, networking, collaboration, artificial intelligence, and emerging solutions.

HERNDON, Va., June 19, 2025 — ePlus Inc. (NASDAQ: PLUS) has announced a definitive agreement to sell its domestic subsidiaries comprising its U.S. financing business to PEAC Solutions, a portfolio company of the Asset Value Funds sponsored and managed by leading global investment firm HPS Investment Partners, LLC [1]. The transaction, expected to close within the next 60 days, is subject to various terms and conditions.

Mark Marron, CEO and president of ePlus, stated, "We are pleased to announce the divestiture of our financing business to PEAC, a renowned industry leader that will continue our long history of providing excellent customer service, responsiveness, and creative financing solutions to our customers. Given the rapidly evolving technology industry, the sale of our financing business gives us incremental capital to focus on growth opportunities and acquisition opportunities in the technology and services space."

The sale will enable ePlus to redirect its resources towards high-growth areas such as artificial intelligence, cybersecurity, data center modernization, high-performance networking, and related consulting and managed services. The company aims to expand its footprint and customer base, leveraging the flexibility provided by the divestiture [2].

PEAC Solutions, a leading multinational asset finance platform, specializes in providing innovative finance solutions to equipment manufacturers, distributors, and dealers across various industries and asset classes. With a strong focus on customer service, PEAC Solutions offers lease and loan products that enable businesses to access the equipment and technology they need to enhance productivity and growth. Operating across North America, Europe, and the United Kingdom, PEAC Solutions has built a robust global network capable of delivering tailored financial solutions to diverse markets [1].

ePlus, a customer-first, services-led, and results-driven industry leader, offers a full portfolio of technology solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative, and professional services. The company works closely with organizations across many industries to successfully navigate business challenges [2].

The transaction is expected to enhance ePlus' focus on its core business of providing technology solutions across various segments. The company will continue to offer the value-add of financing services to its technology customers and vendors through PEAC Solutions.

References:
[1] https://www.prnewswire.com/news-releases/eplus-enters-into-agreement-to-sell-financing-business-to-peac-a-portfolio-company-of-hps-investment-partners-llc-302487562.html
[2] https://www.marketscreener.com/quote/stock/NATURAL-GAS-SERVICES-GROU-4205553/news/EPlus-Enters-Into-Agreement-to-Sell-Financing-Business-to-PEAC-a-Portfolio-Company-of-HPS-Investmen-50308080/