Industry

Delta Financial Group Receives Investment from Oaktree Capital Management

Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, received a structured growth investment from funds managed by Oaktree Capital Management. read more

Umpqua Bank Expands Middle-Market Banking Team in Phoenix

Umpqua Bank expanded its Phoenix-based middle-market banking team with the addition of Dan Slocum, Alain Pelanne, Michael Paduone, Jonathan Akongo and Ramy Michael, who will support the banks growth in serving mid-size companies across Arizona. read more

Abell to Become CEO of Firstrust Bank as Green Becomes Executive Chairman

Timothy J. Abell, the current president of Firstrust Bank, will become CEO of the bank as part of a long-planned executive transition, as Richard J. Green, the bank’s current board chairman and CEO, will become the executive chairman of the bank’s board of directors. read more

Equipment Finance Cares Attains 501(c)(3) Status, Forms Board of Directors

Equipment Finance Cares, an organization that showcases equipment finance professionals and organizations that give back to their communities, received formal 501(c)(3) status. The organization also formed a board of directors to support its existing advisory council. read more

Great American Insurance Group Adds APIs to Programs for Equipment Finance

Great American Insurance Group added the power of API technology to its insurance programs for commercial equipment finance. read more

Pitney Bowes Provides More Than $10MM in Financing to Ash NYC and Digital Terrain

Pitney Bowes Financial Services provided more than $10 million in financing to two small business clients: New York City-based Ash NYC and Farmington, MI-located Digital Terrain. Pitney Bowes will deliver revolving lines of credit and term loans to the two businesses. read more

MMP Capital Closes $75MM Secured Warehouse Facility

MMP Capital, a commercial finance company specializing in equipment financing, leasing and unsecured capital, closed a $75 million secured warehouse line with Deutsche Bank. read more

Volvo Partners with Junior Achievement for Youth Financial Literacy Program

Volvo Financial Services is partnering with Junior Achievement Worldwide in an effort to teach financial literacy skills to young people in nine countries. read more

SVB and Trinity Capital Provides $17.5MM in Financing to Ambient Photonics

Ambient Photonics closed the financing for its U.S. solar manufacturing facility, with Silicon Valley Bank and Trinity Capital adding $17.5 million in debt financing to the company’s equity investments of $31 million, raising Ambient’s combined equity and debt funding to $48.5 million. read more

Kawasaki Motors Finance Migrates US Ops to Solifi’s Wholesale Finance Platform

Kawasaki Motors Finance, the captive finance arm of Kawasaki Motors, a global distributor of powersports vehicles, migrated its entire U.S. operations to the Solifi Wholesale Finance software-as-a-service (SaaS) platform in December 2021. read more

DCR Technologies Rebrands as Trnsact

DCR Technologies changed its name to Trnsact to better represent its growing role and expanding solutions for commercial equipment finance. read more

Inovatec Partners With TruDecision to Provide Analytics Solutions

Inovatec Systems, a provider of cloud-based software solutions for lenders, partnered with TruDecision, an artificial development company, on machine learning-based analytics tools that improve loan portfolio performance. read more

Cassels Partner Fleisher Named Lawyer of the Year for Equipment Finance in Toronto

Jonathan Fleisher, a partner at Cassels, was recently named Toronto’s “Lawyer of the Year” for Equipment Finance Law by Best Lawyers in Canada. Fleisher is a partner in the banking and specialty finance group at Cassels. read more

CIT Increases Financing for FOX Rehabilitation by $50MM

CIT and its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. read more

White Oak Healthcare Finance Funds $42.3MM for Cascadia Healthcare

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, which operates skilled nursing facilities located in Idaho, Washington, Oregon, Montana, Arizona and New Mexico. read more

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