Wafra Acquires Navitas Credit Corp. for $1.9 Billion

New York-based asset manager Wafra is set to acquire Navitas Credit Corp., a Florida-based equipment finance specialist, in a cash deal valued at $1.9 billion. The transaction, involving the purchase from United Community Bank, marks a significant shift in capital structure for the lender as it targets further expansion.

Navitas, founded in 2008, maintains headquarters in Ponte Vedra and employs over 200 people across six national locations. The company focuses on essential equipment financing for small and mid-sized businesses, reporting $1.8 billion in owned receivables as of March 31, 2026. Following the acquisition, the current management team will remain in place to lead the company through its next growth cycle.

Edward Tsai, head of real assets and infrastructure at Wafra, cited the firm’s disciplined underwriting and historical performance as primary drivers for the investment. To support this transition, Bank of America and Wells Fargo are providing acquisition financing along with an additional $1 billion in capacity intended for future operations. The deal is expected to close in the third quarter of 2026, pending standard regulatory conditions.