Last Week’s Top Stories

Amalfitano New CEO of Embraer Executive Jets Business Unit

Embraer appointed Michael Amalfitano as the president and CEO of its Executive Jets business unit. read more

CG Commercial Finance Reports $80MM in Q4/16 Originations

CG Commercial Finance reported nearly $80 million in Q4/16 originations, with $35 million of those held on the company’s balance sheet. read more

OnDeck Reports Higher FY Net Loss as Provision Charges Double

OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016. read more

CCG Acquires Manufacturers Capital Machine Tool Finance Business

Commercial Credit Group purchased the machine tool finance business of Manufacturers Capital, expanding into the machine tool and manufacturing industry. read more

North Mill Equipment Finance Names New CEO, Promotes Seven

North Mill Equipment Finance promoted seven to executive and management positions, including David Lee as chairman and CEO. read more

ELFA Outlines Eight Reasons to Finance Equipment

According to the ELFA, 78% of U.S. businesses lease or finance their equipment. The association released an infographic outlining eight reasons why. read more

Former GE Fleet Services VP Named as CEO of LeasePlan USA

LeasePlan USA appointed Jeffrey Schlesinger president and CEO. Schlesinger was previously vice president and managing director of GE Fleet Services. read more

Jackson to Take Helm of The Alta Group M&A Practice in U.S.

James R. Jackson, Jr. was promoted to managing director to lead The Alta Group’s merger and acquisition advisory practice in the U.S., while Bruce Kropschot will continue as a senior managing director. read more

Titan Machinery Reveals Details of Restructuring Plan

Titan Machinery, a network of agricultural and construction equipment dealerships, will implement a restructuring plan to consolidate certain dealership locations and a reorganization of its operating structure. read more

LEAF Delivers 23% Originations Increase in 2016

LEAF Commercial Capital reported strong year-over-year results for 2016 which included a 23% increase in originations and a 17% increase in assets under management. read more

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