Joint Ventures

Travelers Selects Ritchie Bros. as Preferred Disposition Agent & Valuation Partner

Travelers Capital chose Ritchie Bros. as its preferred disposition agent and Ritchie Bros.’ affiliate Rouse Appraisal Services as its valuation partner for appraisal services on all heavy equipment financing transactions. read more

Baker Hughes and Akastor Form Joint Venture Company for Offshore Drilling Equipment

Baker Hughes and Akastor created a joint venture company that will bring together Baker Hughes’ subsea drilling systems business with Akastor’s wholly-owned subsidiary, MHWirth. The joint venture will deliver offshore drilling equipment. read more

Greenbrier Forms JV to Grow Owned Railcar Lease Fleet; Extends Commercial Platform

The Greenbrier Companies will form GBX Leasing, a new leasing joint venture with The Longwood Group, a transportation equipment advisory and asset management firm. GBX Leasing will develop an owned portfolio of leased railcars primarily to be built by Greenbrier. read more

Insight Investments and Harbor Capital Leasing Enter Partnership

Insight Investments and Harbor Capital Leasing entered a partnership, establishing a North American, privately-held and independent lessor with $1.2 billion in assets under management. read more

Tamarack Introduces Equipment Finance Assessment Service in Partnership with Hunter & Co

Tamarack Consulting partnered with Hunter & Company to offer assessments of equipment finance operation systems and workflows. read more

Oakmont Capital Partners with Quaint Oak Bank to Expand Lending Capabilities

Oakmont Capital Holdings entered a partnership with Quaint Oak Bank. As a direct, independent lender, Oakmont Capital Holdings will expand its lending lines as it attempts to further solidify its position in the equipment finance industry. read more

The Alta Group Partners With Reimagine Advisors

The Alta Group and Reimagine Advisors entered a partnership that will enable them to bring technology solutions to clients seeking a competitive advantage in the digital-first economy. read more

Leasepath Partners with instaCOVER

Leasepath formed a strategic partnership with technology-driven insurance solutions provider instaCOVER. The relationship will seek to leverage each company’s technology and industry expertise and share resources toward new solutions for equipment finance companies. read more

Castlelake and Boeing Enter Aircraft Financing Collaboration

Castlelake, a global private investment firm with 15 years of tenure financing and managing aviation assets, entered a partnership with Boeing and Boeing Capital to provide financing solutions to commercial aircraft customers for new commercial aircraft deliveries. read more

PIMCO and GECAS Create $3B Aviation Leasing Investment Platform

PIMCO, a fixed income investment manager, and GE Capital Aviation Services reached a preliminary agreement to develop an aviation leasing platform to support up to $3 billion in aircraft asset financings. read more

Tamarack Forms Strategic Partnership with Hunter & Company

Tamarack Consulting and Hunter & Company entered into a strategic partnership to expand the scope of their combined services to equipment finance client companies. read more

Siemens Partners with Macquarie on Energy as a Service Venture

Macquarie’s Green Investment Group, Siemens’ Smart Infrastructure and Siemens Financial Services formed Calibrant Energy, a joint venture that offers onsite energy as a service solutions. read more

Rinaldi Advisory Services and Tom Ware Advisory Services Form Strategic Alliance

Rinaldi Advisory Services and Tom Ware Advisory Services formed an alliance to provide expertise in a range of functional areas within commercial equipment finance. read more

LCI And SMFL Launch $230MM Helicopter Leasing Joint Venture

LCI, a helicopter lessor and the aviation division of the Libra Group, and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) agreed to establish and operate a joint venture helicopter leasing business. read more

AICPA, CPA.com and Biz2Credit Launch New Platform for Small Business Funding

The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options. read more

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Terry Mulreany
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