Industry

Fortune Names First American Equipment Finance a Top Medium Workplace

Fortune and Great Place to Work named First American Equipment Finance one of 2022’s best medium workplaces (fewer than 1,000 full-time employees). This is First American’s seventh time being named to this nationwide list, this year coming in at No. 59. read more

BCA Partner Finance Extends Solifi Wholesale Finance Contract

British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering. read more

MarineMax Completes $1.35B in Credit Facilities

MarineMax, a recreational boat and yacht retailer, completed $1.35 billion in senior secured credit facilities. M&T Bank led the facilities as administrative agent and joint lead arranger, along with Wells Fargo Commercial Distribution Finance as joint lead arranger and floor plan agent. read more

Monitor Launches Monitor Suite, Opening Access to Exclusive Content

Today, Monitor officially launched Monitor Suite, the preeminent subscription platform for exclusive premium equipment finance industry content. Upon launch, Monitor Suite subscribers gain immediate access to the 2022 Monitor 100, Monitor’s library of data reports and the first three episodes of Three Minutes, Monitor Suite’s first exclusive video series. read more

MidCap Equipment Finance Closes $25MM in Equipment Leases in Q2/22

MidCap Equipment Finance closed $25 million in new equipment leases during Q2/22, providing financing for manufacturing equipment, automobiles, construction equipment and transportation equipment.  read more

Tiger Group and Perry Videx Sell Equipment to Recycling and Waste-Disposal Companies

Recycling and waste-disposal companies can acquire shredders, incinerators and other useful machinery and equipment in an immediate sale by Tiger Group and Perry Videx.  read more

Parsonex Capital Partners Launches Credit Enhancement Facility for Traction Capital and Leasing

Parsonex Capital Partners launched a credit enhancement facility for Traction Capital and Leasing, a Class 8 truck lease origination company.  read more

Horizon Global Authorizes Review of Strategic Alternatives, Including a Potential Sale

Horizon Global, a manufacturer of branded towing and trailering equipment, authorized the review of strategic alternatives to enhance shareholder value. Such strategic alternatives could involve a sale of a portion or the entirety of the business. read more

STRIPES Leadership Program to Host Informational Sessions in August

STRIPES Leadership Program, the professional and personal leadership development program designed to inspire best-in-class leaders within equipment finance, will host introduction sessions to showcase the program and engage in interactive Q&As throughout August. read more

SSG Advises ACT on Equipment Finance Facility with Liberty Commercial Finance

SSG Capital Advisors acted as the investment banker to Additive Circuits Technologies and its affiliates (ACT) in the placement of an equipment financing facility with Liberty Commercial Finance. read more

TIAA Bank’s Vendor Equipment Finance Team Reports Bookings Spike in H1/22

TIAA Bank’s vendor equipment finance team reported a year-over-year jump in new business volume, as booked volume increased 29% from January to June compared with the same period in 2021. read more

Alfa Publishes New Paper on Systems Integration

Alfa, the developer of Alfa Systems, an enterprise software platform for providers of automotive, wholesale and equipment finance, published a new paper on best practices in systems integration, called Integration - Leveraging the Power of an Open Platform. read more

Greenbrier Receives New $150MM Term Loan to Finance Leasing Fleet

Greenbrier Companies, an international supplier of equipment and services to global freight transportation markets, entered an agreement for a new $150 million term loan to finance the continued growth of its leasing fleet. read more

CIT Increases Lending Facility for Fashion Company to $100MM

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel. read more

United Rentals Launches Total Control Emissions Tracking for Rental Equipment

United Rentals launched a new data-driven solution in its cloud-based Total Control fleet management platform, which helps to provide information customers can use as part of their programs to monitor and manage their environmental impact. read more

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