Mergers / Acquisitions

Ritchie Bros. Acquires Petrowsky Auctioneers

Ritchie Bros. has acquired the business of Petrowsky Auctioneers, enhancing its market presence in the New England region. read more

Wells Fargo Completes Acquisition of GE Capital’s CDF Business in AU & NZ

Wells Fargo completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance business. read more

EverBank in ‘Advanced Negotiations’ to Be Acquired

As a result of an ongoing review of its strategic alternatives, EverBank is in advanced negotiations with a well-respected financial services company regarding a transaction in which EverBank Financial would be acquired. read more

CIT Q2 Earnings Hurt by Reverse Mortgage Servicing Business

CIT Group reported Q2/16 net income of $14 million compared to net income of $115 million in Q2/15. CIT noted a net loss of $167 million that relates to a reverse mortgage servicing business that was part of the OneWest Bank acquisition. read more

Bloomberg: EverBank Receives Unsolicited Bid, Hires Adviser

Bloomberg reported EverBank Financial hired an adviser and is exploring a sale after receiving interest from a potential buyer. read more

GE Sells Equipment Finance, A/R Businesses to French Bank

GE completed the sale of its equipment finance and receivable finance businesses in France and Germany, with an ending net investment of $6.8 billion, to a French bank. read more

Komatsu to Acquire Joy Global in $3.7B Deal

Joy Global's board approved a merger agreement under which Komatsu America will acquire Joy in a transaction valued at $3.7 billion, including indebtedness. read more

Great Western Leasing Acquires Pacific Truck & Trailer

Great Western Leasing and Sales announced the acquisition of Pacific Truck & Trailer, an Oregon-based trailer dealership that provides new and used equipment sales as well as repair, maintenance and parts. read more

Feds Approve KeyCorp, First Niagara Merger

KeyCorp has received regulatory approval from the Federal Reserve to complete the merger with First Niagara Financial Group. read more

Avolon Acquires 45 Aircraft from GE Capital Aviation Services

International aircraft leasing company Avolon will acquire a portfolio of 45 aircraft from GE Capital Aviation Services. read more

CG Commercial Finance Acquired by Atalaya Capital Management

CG Commercial Finance has completed a transaction selling all of the outstanding stock of the company to funds managed by Atalaya Capital Management. read more

CWB Completes Buy of GE Capital’s Canadian Franchise Financing Assets

Canadian Western Bank completed its previously announced acquisition of the loan portfolio and related business assets of GE Capital's Canadian franchise financing business, now known as CWB Franchise Finance. read more

DLL Sells Vehicle Leasing Unit to Daimler, Sharpens Vendor Finance Focus

DLL reached an agreement to sell its mobility solutions entity Athlon Car Lease International to Mercedes-Benz Financial Services Nederland, a part of the Daimler Financial Services global network. read more

Wintrust to Buy $581MM in Loans from GE Capital Franchise Finance

In another divestiture from its franchise finance business, GE Capital will sell off approximately $581 million in performing loans and related relationships to Wintrust Financial. read more

Wells Fargo Completes Acquisition of GE Capital’s CDF Business in Asia

Wells Fargo completed the purchase of the Asia segment of GE Capital’s Commercial Distribution Finance business. The acquisition includes CDF assets and 46 team members. read more

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