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Oakmont Capital Services celebrates 25 years

by Ashleigh Petersen

Oakmont Capital ServicesOakmont Capital Services logo (OCS), West Chester, Pa., is celebrating 25 years in business. Since opening in 1998, the company has grown into a direct lender with offices in West Chester, Pa., and Albany, Minn., with a staff of more than sixty finance professionals. 

“When OCS first began, I served as an independent salesperson focused on originating equipment lease opportunities,” said Joe Leonard, CLFP, president and CEO. “Working with Megan Zoba, OCS’ now vice president of docs and funding, for back-end support, we partnered on deals but maintained our separate companies. Thankfully, we both survived the 2009 recession and maintained good bank relationships.” 

In 2010, Leonard acquired a small equipment finance company and obtained funding from multiple bank and non-bank sources. Later that year, Leonard and Zoba partnered officially, and OCS continued as an independent finance company. Leonard and Zoba slowly began adding sales and operational employees, with continued year-over-year growth and profitability through brokering every origination. In 2018, they opened a satellite office in Albany and hired eleven equipment finance professionals.