Mergers / Acquisitions

United Rentals Buys NES Rentals for $965MM

United Rentals and NES Rentals Holdings entered into a definitive agreement under which United Rentals will acquire NES for approximately $965 million in cash. read more

Textron Acquires Arctic Cat for $247MM

Textron will acquire Arctic Cat in a cash transaction valued at approximately $247 million, plus the assumption of existing debt. read more

Avolon Will Borrow $8.5B to Fund CIT Commercial Air Acquisition 

The Irish Times reported that Avolon will borrow $8.5 billion in order to finance the acquisition of CIT’s aircraft leasing division. read more

UniFi Equipment Finance Parent Merges with Bank of Birmingham

Bank of Ann Arbor completed its merger with the Bank of Birmingham. BOAA is the parent company of UniFi Equipment Finance. read more

Nordic Aviation Completes Acquisition of Air Lease ATR Portfolio

Nordic Aviation Capital completed the acquisition of a 25 ATR aircraft portfolio from Air Lease. read more

Columbus McKinnon Jumps Final Hurdle for STAHL CraneSystems Buy

Columbus McKinnon received approval from the German Bundeskartellamt regarding its acquisition of Konecranes’ STAHL CraneSystems business. This approval was the final condition for closing. read more

Great Western Leasing Acquires Quality Trailer Sales

Great Western Leasing and Sales acquired Quality Trailer Sales, an Albuquerque, NM-based trailer dealership which provides equipment sales, rentals, repair, maintenance and parts. read more

Terex Completes Sale of Material Handling Business to Konecranes

Terex completed the sale of its Material Handling and Port Solutions business to Konecranes for $595 million and €200 million ($209.91 million) in cash and 19.6 million newly issued class B shares. read more


Marlin Closes Acquisition of Horizon Keystone Financial

Marlin Business Services acquired Horizon Keystone Financial, an originator of equipment finance credit products focused in the office furniture, HVAC/R and automotive markets.   read more

SMBC Rail Services Will Acquire American Railcar Leasing

Sumitomo Mitsui Banking’s railcar operating lessor and fleet management business, SMBC Rail Services, signed an agreement to purchase American Railcar Leasing from Icahn Enterprises. read more

DOJ Requests More Info About Ritchie Bros’ IronPlanet Buy 

Ritchie Bros. and IronPlanet received a request for additional information and documentary material from the U.S. Department of Justice in connection with Ritchie Bros' pending acquisition of IronPlanet.  read more

Report: China Merchants Bank among Bidders for Asia Aviation Capital

Reuters reported AirAsia has received bids from China Merchants Bank, Ping An Insurance Group and several other firms for its Asia Aviation Capital leasing unit. read more

Bloomberg: PrivateBancorp Delays Vote on $3.96B CIBC Bid

Bloomberg reported that PrivateBancorp delayed a shareholder vote on a takeover by Canadian Imperial Bank of Commerce after the $3.96 billion offer was called insufficient after a post-election rally by lenders. read more

NewStar Sells Equipment Finance Business to Radius Bank

NewStar Financial announced the sale of its equipment finance business and related assets to Boston-based Radius Bank for approximately $140 million in cash. read more

Canadian Equipment Rentals Sells Waste Management Division for $12MM

Canadian Equipment Rentals completed the sale of 100% of the issued and outstanding shares of its wholly-owned subsidiary, MCL Waste Systems & Environmental, to GFL Environmental. read more

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