News

AmurEF Enters $75MM Warehouse Credit Facility with Pioneers Gates

Amur Equipment Finance entered into a new $75 million warehouse credit facility with Pioneers Gates. AmurEF worked directly with Pioneers Gates, retaining no outside structuring agent for the agreement. read more

ELFF: Confidence Improves Even as Washington Chaos Continues

According to the latest monthly confidence index from the Equipment Leasing & Finance Foundation, confidence in the equipment finance market is 64.4 in August, up from 63.5 in the previous two months. read more

Wells Fargo Announces Board Changes; Duke to Succeed Sanger

Wells Fargo has taken a range of board refreshment actions, including naming Elizabeth A. Duke to succeed Stephen W. Sanger as independent chair. read more

Fifth Third Bank Enhances Partnership with ApplePie Capital

Fifth Third can now purchase loans originated through ApplePie Capital’s franchise loan marketplace and also joined ApplePie Capital’s SBA lender network. read more

United Rentals Beats Out H&E to Acquire Neff

After terminating its acquisition by H&E Equipment Services, Neff Corporation entered into a definitive agreement to be acquired by United Rentals for approximately $1.3 billion. read more

Newstadt to Lead Blue Chip Leasing as Sole President

Blue Chip Leasing, a division of Chesswood Group, appointed Marcelle Newstadt as sole president. read more

U.S. Bank Opens Dallas Office, Hires Relationship Managers

U.S. Bank opened a new Dallas office and hired veteran Texas bankers Chris Angarola and Susan Jenull as commercial banking relationship managers. read more

LeaseTeam Ranked in Inc. 5000 for Third Straight Year

LeaseTeam ranked No. 4,198 in the Inc. 5000, marking its third straight year on the annual list. read more

Waypoint Agrees to First Lease Transaction in Colombia

Waypoint Leasing agreed to terms for the purchase and lease-back of one AW139 helicopter with Helicopteros Nacionales de Colombia. read more

WNB Specialty Finance Expands Equipment Finance Team

WNB Specialty Finance, a division of Woodforest National Bank, added Bruce Grybas, Gary Hanson, Mike Niermann and Tim McCaffrey as regional account managers to the equipment finance team. read more

Report: Florida Leads Business Aviation Departure States

According to the latest report from ARGUS International, Florida is the top state in the U.S. for business aviation departures, followed by California, Texas, New Jersey and Georgia. read more

CLFP Foundation Adds Gill as First Australian CLFP

The Certified Lease & Finance Professional Foundation added David Gill as its first Australian CLFP. Gill is the CEO of the Commercial Asset Finance Brokers Association of Australia. read more

KeyBanc Capital Markets to Acquire Cain Brothers

KeyBanc Capital Markets entered into an agreement to acquire Cain Brothers & Company, a healthcare focused investment banking and public finance firm. read more

CIT Provides $60MM Financing to Edward J. Minskoff Equities

CIT Group’s Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, a privately held real estate investment and development firm. read more

Neff Terminates Acquisition by H&E After Receiving Better Offer

Neff Corporation notified H&E Equipment Services on August 13 that it received a superior acquisition proposal and that Neff intends to terminate its previously announced acquisition by H&E. read more

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Terry Mulreany
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