Industry

US District Court Denies Balboa Capital’s Breach of Contract Claims Against Physician Group

Barbara Lynn, chief judge of the U.S. District Court for the Northern District of Texas, denied breach of contract and breach of guaranty claims by Balboa Capital against a group of 16 health care practices in a summary judgement earlier this month. read more

First Citizens Expands Middle-Market Banking Division into Midwest and South-Central US

First Citizens Bank is expanding its middle-market banking group to support the financial needs of midsized businesses in the Midwest and south-central regions of the United States. read more

Bigge Adds Liebherr’s LRT 1130 Crane to Fleet

Bigge Crane and Rigging added Liebherr’s newest LRT 1130-2.1 rough terrain crane to its fleet at ConExpo 2023. The German-engineered crane features 140 U.S.-ton lifting capacity and the longest telescopic boom of any two-axle rough terrain crane.  read more

Small Business Loan Approvals at Big Banks Slip to 14.2% in February

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined. read more

Utica Equipment Finance Completes $10.15MM in Capital Lease Transactions

Utica Equipment Finance completed three transactions totaling $10.15 million in the first week of March for construction and material handling equipment companies. read more

Mitsubishi HC Capital Canada Donates $77K to United Way

Mitsubishi HC Capital Canada completed its inaugural United Way campaign, donating $77,000 to the organization through employee contributions and company-matching funds. read more

Ritchie Bros. Sells More Than $52MM in Equipment at Rocky Mountain Regional Event

Ritchie Bros. sold more than 5,100 items from three locations in its recent Rocky Mountain regional event, generating more than $52 million in gross transaction value. read more

Encina Equipment Finance Changes Name to Post Road Equipment Finance

Encina Equipment Finance changed its name to Post Road Equipment Finance. The company has revamped and redesigned its website to incorporate the new company name. read more

XCMG to Exhibit Excavator Line-up at CONEXPO CON/AGG 2023

XCMG Excavator, a subsidiary of Xuzhou Construction Machinery Group, will exhibit its most expansive line up of excavator products to date at CONEXPO-CON AGG in Las Vegas. The trade show will be held at the Las Vegas International Convention Center from March 14 to 18. read more

Ritchie Bros. Sells More Than C$72MM of Equipment in Edmonton, AB

Ritchie Bros. sold more than 5,500 equipment items, trucks and vehicles at its site in Edmonton, AB, generating more than C$72 million (more than $52 million) in gross transaction value. read more

Liventus Selects Consult Disrupt to Expand Services Offering

Liventus selected Consult Disrupt, a consulting organization that supports equipment finance organizations with day-to-day operations and technology related projects, to help expand its service offering. read more

Manitex Launches ECSY-Electric Crane System 

Manitex International, an international provider of truck cranes, specialized industrial equipment, and construction equipment rental solutions to infrastructure and construction markets, launched the ECSY-Electric Crane System in conjunction with opening day of CONEXPO-Las Vegas. read more

Liventus Certified as Great Place to Work

Liventus received certification as a Great Place to Work for the year 2023-2024. This prestigious recognition highlights Liventus' commitment to building a positive, inclusive and engaging workplace. read more

Citi Delivers $200MM Credit Facility to Embraer

Embraer closed a $200 million credit facility to finance purchases from direct suppliers in the United States. Citibank is providing the financing, which is guaranteed by the Export-Import Bank of the United States. read more

Gallagher Recognizes DLL as Best-in-Class Employer

DLL was recognized for strategically investing in benefits, compensation and employee communication to support the health, financial security and career growth of its employees at a sustainable cost structure in Gallagher’s 2022 U.S. Benefits Strategy & Benchmarking Survey. read more

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