When it's spelled out, the name tells it all. ATEL (All Type Equipment Leasing) is the largest private, independently owned leasing company in the US. It buys new and used equipment, and turns around to lease the equipment or finance it for sale. The lineup includes low-tech tools, such as materials handling, transportation, and manufacturing equipment, and tech-related, for example, communications, medical, and office equipment. Its green technologies range from materials recycling to emissions treatment equipment. Meadwestvaco, Midwest Energy, and Wal-Mart are among ATEL's top lessees. Operations also include real estate and venture capital investments. ATEL is owned by CEO Dean Cash.
Through subsidiary ATEL Ventures, the company is boldly financing an array of technological start ups. In 2009 it plowed $5 million into equipment lease financing for 6N Silicon. The investment provides the metal processing tools necessary for 6N's purification of metallurgical grade silicon into solar-grade silicon, used in photovoltaic manufacturing.
Among its various investments in 2008, ATEL stepped up with $1.8 million to fuel the product line of biotech company GangaGen, Inc. Products are bacteriophage-based, designed to heal antibiotic-resistant diseases. ATEL also collaborated with several investment firms to fund a series B round for nanotechology materials provider Primet Precision Materials, Inc. In addition, ATEL pushed through $4.4 million for clinical therapeutics developer Adenosine Therapeutics, LLC. – less