Today’s News

Industry Veteran Launches Liberty Commercial Finance

Equipment finance and leasing veteran Eric Freeman has launched Liberty Commercial Finance, a new independent equipment lease and finance company with offices in Irvine, CA and Denver. read more

Browning Joins 1st Source Bank as President of Specialty Vehicle Finance

Kirk Browning joined 1st Source Bank’s Specialty Finance group as president of the Auto/Light Truck & Specialty Vehicle Fleet Finance Divisions. read more

Husqvarna Partners with Advance Acceptance to Offer Lease Programs

Husqvarna partnered with Advance Acceptance to offer equipment lease programs for commercial and municipal customers through their independent dealer network in the U.S. read more

Bestpass Expands to Leased Equipment Providers

Bestpass unveiled a toll management system designed specifically for those who lease equipment of any size. Bestpass has more than 300,000 transponders on the road and processes about $1.5 million in tolls per day. read more

AED Names Modern Group President/CEO Farrell to Board

Paul Farrell, president and CEO of Modern Group, was named to the board of directors of the Associated Equipment Distributors, taking effect in January. read more

ATA Truck Tonnage Year/Year Index Decreased 2.8% in February

American Trucking Associations’ For-Hire Truck Tonnage Index equaled 138.7, which was down 2.8% compared with February 2016. read more

Berkshire Bank Adds SVP, Regional Leader to Mid-Atlantic Team

Berkshire Bank added Maryann Lewis as senior vice president, Commercial Region Lead for the mid-Atlantic region covering both New Jersey and Pennsylvania. read more

TrueNoord Closes Financing Facility for Four Leased Embraer E190 Aircraft

TrueNoord closed the first tranche of a term financing facility with DVB Bank and PK AirFinance, a GECAS company, for four of the six Embraer E190 aircraft that it purchased from BOC Aviation in January. read more

ELS Provides $5MM in Partnership with Franchisor Bare Metal

Bare Metal Standard, a kitchen fire prevention company and franchisor, entered into partnership with Equipment Leasing Services for a $5 million line of credit to support equipment acquisitions by franchisees. read more

Besgen to Retire from Hitachi Capital America

William H. Besgen, senior advisor/vice chairman emeritus and former vice chairman, president and board director of Hitachi Capital America, will retire on March 31, 2017. read more

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Terry Mulreany
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