Mergers / Acquisitions

CIT Sells Canadian Equipment Finance Business to Laurentian Bank

CIT Group reached a definitive agreement to sell its Canadian equipment finance and corporate finance businesses, with more than $700 million in assets, to Laurentian Bank of Canada. read more

First Tennessee Buys $637MM in Restaurant Franchise Loans from GE Capital

First Tennessee Bank will acquire the Southeast and Southwest regional loan portfolios from GE Capital’s restaurant franchise finance business, which includes loans outstanding of approximately $637 million. read more

GE Capital to Sell Franchise Finance Portfolio to Sterling

Sterling National Bank has entered into an agreement with GE Capital to acquire a portfolio with $190 million of performing restaurant franchise financing loans. read more

Beacon Rail Acquires Ascendos Rail Leasing

Beacon Rail Leasing closed on the acquisition of Ascendos Rail Leasing, a European locomotive and rolling stock leasing company. read more

CAI Acquires Hybrid Logistics and General Transportation Services

CAI International acquired Hybrid Logistics and its affiliate company, General Transportation Services for a combined purchase price of $12 million. read more

North American M&A Volume, Value Down in May

According to information collected by M&A database Zephyr, there were 1,872 mergers and acquisition worth a combined $103.5 billion targeting North American companies during May, a 59% decline, year-over-year. read more

Platinum Equity Acquires Electro Rent for $323.4MM

Platinum Equity and Electro Rent entered into a definitive agreement under which Electro Rent will be acquired by Platinum Equity for approximately $323.4 million. read more

Terex Sells Material Handling Unit to Konecranes, Terminates Merger

Terex and Konecraes agreed to terminate their previously announced business combination agreement. Terex also agreed to sell its material handling business to Konecranes for roughly $1.3 billion. read more

Hitachi Expands Vendor Finance Business, Acquires Creekridge Capital

Hitachi Capital America signed a definitive agreement to purchase Creekridge Capital, a vendor finance company. Jeff Cowan, Creekridge co-CEO, will become president of HCA’s vendor finance business. read more

Output Services Group Acquires ClickSpark

Output Services Group (OSG) completed the acquisition of ClickSpark, a privately-held, performance-based lead generation company based in Rochester, NY. read more

Beacon Rail Acquires Ascendos Rail Leasing

Beacon Rail Leasing agreed to acquire Ascendos Rail Leasing, a European locomotive and rolling stock leasing company. read more

GE Closes Sale of Franchise Finance U.S. Hotel Business

GE completed the sale of GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. The sale includes $1.3 billion in ENI and the majority of the hotel business employees. read more

Providence Bank & Trust Acquires Cobra Capital

Providence Bank & Trust closed on an asset purchase agreement in which the bank acquired substantially all of the assets and assumed the operations of Cobra Capital. read more

Meridian Acquires Roynat Lease Finance

Meridian reached an agreement with The Bank of Nova Scotia and Roynat to acquire Roynat Lease Finance.  The transaction will close within the next few weeks. read more

Penske Automotive Group Acquires Harper Truck Centres

Penske Automotive Group’s Premier Truck Group subsidiary completed the acquisition of Harper Truck Centres, a commercial truck dealership group located in Ontario, Canada. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.