Industry

PGT Trucking Chooses Penske Truck Leasing for Fleet Maintenance Solutions

PGT Trucking, a multi-service transportation firm offering flatbed, dedicated, international and specialized services, selected Penske Truck Leasing as its provider of choice for comprehensive fleet maintenance solutions. read more

Generational Equity Advises Tall Crane Equipment in Sale to Alimak Group

Generational Equity, a mergers and acquisitions advisor for privately held businesses, advised Tall Crane Equipment in its sell to Alimak Group. The transaction closed on Aug. 24, 2022. read more

CIT Northbridge Provides Financing to Mohawk Fine Papers

CIT Northbridge Credit provided financing to Mohawk Fine Papers, a privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital for future endeavors. read more

Wheels Donlen Launches New Equipment Finance Platform Capteris Capital

Wheels Donlen, a fleet financing company backed by Apollo, launched a new equipment finance platform, Capertis Capital. read more

Mitsubishi HC Capital Achieves $2B in Financing Assets

Mitsubishi HC Capital Canada reached $2 billion in financing assets. The company reached its first $1 billion in the span of 39 years, while the next $1 billion was earned within the past four years. read more

Auxilior Capital Partners Hosts Equipment Finance Cares Event in Plymouth Meeting, PA

Equipment Finance Cares hosted an event on Sept. 20 in Plymouth Meeting, PA, at Auxilior Capital Partners’ headquarters. The event included panels on the human side of leasing and best practices, with Lovern Gordon of the Love Life Now Foundation serving as a featured speaker. read more

4 Hour Funding Launches Hourglass Mobile App for Broker Partners

4 Hour Funding, an equipment finance company based in Plano, TX, launched its Hourglass mobile app for broker partners. The Hourglass mobile app is designed to provide approved 4 Hour Funding broker partners complete control of their transactions and real-time updates on each of their deals. read more

FIS Tops IDC FinTech Rankings for 2022

FIS, a global technology provider for the U.S., UK and European auto and equipment finance sector, topped IDC’s 2022 ranking for fintech companies. FIS unseated Fiserv, a U.S. payments company, which held the top spot in the rankings previously. read more

SFNet Survey Reports Resiliency in Q2 in Asset-Based Lending Market

According to data released by the Secured Finance Network (SFNet), asset-based lenders proved resilient in the second quarter despite the economic pain of surging inflation and rising interest rates. read more

Inovatec and Jericho Information Technology Partner to Advance Data Analytics Solutions

Inovatec Systems, a provider of a cloud-based software solutions for lenders, partnered with Jericho Information Technology, a provider of advanced data analytics solutions, to offer lenders “Inovatec Data Insights Powered by Jericho Analytics.” read more

LeaseWorks Deploys Aeris Asset Software with Novus Aviation Capital

LeaseWorks, a provider of cloud-based solutions and services to the aviation industry, deployed its Aeris Asset software with Novus Aviation Capital to support the day-to-day management of the Dubai-based lessor’s global leasing operations. read more

CIT Provides $110MM to Quipt Home Medical

CIT Healthcare Finance provided $110 million in senior secured credit facilities to Quipt Home Medical. The financing consists of a delayed draw term loan and a revolving credit facility. read more

CLFP Foundation Honors Fisher, Rosenlund and Teichman with Lifetime Membership Awards

The Certified Lease & Finance Professional Foundation announced during its Annual CLFP Day virtual celebration that Bob Teichman, Bob Fisher and John Rosenlund were honored with lifetime membership awards. read more

QuickFi Wins Best SMB/SME Banking Solution at 2022 Finovate Awards

QuickFi received the Best SMB/SME Banking Solution award at the 2022 Finovate Awards by Finovate, a global fintech event series and digital engagement platform. read more

Financial Services Sector Faces Talent Scarcity, Lack of Support for DE&I in Hiring Practices

According to Randstad Sourceright’s 2022 Talent Trends banking and financial services sector report, 49% of leaders in the banking and financial services industry report talent scarcity for IT skills while only 41% said their hiring practices supported their diversity goals last year. read more

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