Horizon Bank appointed Steve Post capital and middle markets manager for its equipment finance division. Post’s focus will be on lower middle-market and small-ticket opportunities in Horizon’s portfolio as well as its transactional buy/sell and direct middle-market origination businesses. read more
MAR 15, 2024 - 7:05 am
According to the Equipment Leasing and Finance Association's “What’s Hot/What’s Not” report, which reveals industry perceptions of 15 equipment markets based on a survey of ELFA members, construction, machine tools, medical, technology and marine/intercoastal are the leading sectors for the year ahead, based on portfolio preference. read more
MAR 12, 2024 - 6:50 am
Michael McRoberts, chief operating officer and a member of the board of directors of Rush Enterprises, will step down from his role as COO later this year, and Scott Anderson, senior vice president of finance, insurance and leasing for the company, will retire on March 30. read more
MAR 11, 2024 - 6:39 am
PEAC Solution launched an exclusive financing program for select dealers of Konica Minolta Business Solutions U.S.A., effective March 1. Through this partnership, Konica Minolta will provide its nationwide dealer network with new financing products from PEAC Solutions that will allow customers to sell more of Konica Minolta’s line of products. read more
MAR 8, 2024 - 6:50 am
SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its business over the next several years. read more
MAR 6, 2024 - 6:35 am
First Foundation Bank shut down its equipment finance department late last week, according to sources familiar with the matter. According to data provided for the 2023 Monitor 100, the department was made up of 15 employees. read more
MAR 5, 2024 - 6:28 am
GreatAmerica Financial Services appointed Jennie Fisher and Brian Bjella group presidents to lead its team of more than 750 professionals, with Fisher now serving as group president of office equipment and Bjella serving as group president of specialty markets. read more
MAR 5, 2024 - 6:28 am
Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy. The sizable increase in commercial Chapter 11 filings in February was spurred by a large number of related filings in two large commercial Chapter 11 proceedings. read more
MAR 5, 2024 - 6:28 am
United Rentals entered into a definitive agreement to acquire Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for approximately $1.1 billion in cash. The transaction is expected to close in Q1/24, subject to limited contractual conditions. read more
MAR 5, 2024 - 6:27 am
Ares Management launched Ansley Park Capital, a newly-formed lending and specialty finance company that will deliver financing solutions for essential-use, large-ticket equipment. Ansley Park Capital’s management team and integrated operating platform were added from BciCapital. read more
MAR 4, 2024 - 7:04 am