Mergers / Acquisitions

Flagship Rail Acquired by Sumitomo Mitsui in $1.1B Deal

A unit of Perella Weinberg announced of its portfolio company, Flagship Rail Services to Sumitomo Mitsui Banking in a transaction valued at $1.1 billion. Flagship Rail was founded in 2006 as AIG Rail Services. read more

Terex Sells Truck Business to Volvo Construction Equipment

Terex announced it has agreed to sell its truck business to Volvo Construction Equipment for cash proceeds of approximately $160 million. read more

Green Dot to Acquire GE Capital Retail's Walmart MoneyCard

Green Dot Corporation said its subsidiary bank, Green Dot Bank, received regulatory approvals to acquire the Walmart MoneyCard Portfolio from GE Capital Retail Bank. read more

Willis Lease Acquires JT-Power, Forms Aviation Materials Subsidiary

Willis Lease Finance said it has launched Willis Aeronautical Services, a new wholly owned subsidiary that will provide end-of-life solutions for aviation materials and services related to aircraft engines. read more

HNA, Bravia Capital Complete TIP Trailer Acquisition

HNA Group of China and Bravia Capital of Hong Kong announced the completion of HNA’s acquisition of TIP Trailer Services Group, a wholly owned subsidiary of GE Capital. read more

Pacific Trust Bank Completes Sale of Branches

Banc of California announced that Pacific Trust Bank completed its previously announced sale of eight legacy branches located in San Diego, Riverside and Los Angeles Counties to AmericanWest Bank. read more

Solar Senior Capital Acquires Gemino Healthcare Finance

Solar Senior Capital announced that it acquired Gemino Healthcare Finance from affiliates of EDG Partners, D. E. Shaw AQ-SP Series 5-01 and other Gemino members. read more

Rush Enterprises to Acquire IL, IN Dealership Groups

Rush Enterprises said it has entered into agreements to purchase certain assets of CIT, Inc. (which does business as Chicago International Trucks), Mcgrenho (which does business as Indy Truck Sales), Indiana Mack Leasing and the membership interests of Idealease of Chicago. read more

Credicor, Varion Enter Ownership Agreement

Credicor Financial and Varion Capital said they have entered into an agreement whereby Varion will become a Credicor company effective immediately. read more

Element Financial Closes Acquisition of Bush Truck Assets

Element Financial said it has closed its acquisition of a select portfolio of existing finance assets and origination platforms of Cincinnati-based Bush Truck Leasing. read more

Umpqua Holdings Acquires Sterling Financial

Umpqua Holdings and Sterling Financial announced they have entered into an agreement under which Sterling will merge with and into Umpqua. The combined organization will have about $22 billion in assets. read more

Bloomberg: Umpqua in Talks to Buy Sterling for $1.8B

Bloomberg reported that Umpqua Holdings is in talks to buy Sterling Financial, citing people with knowledge of the negotiations. read more

Bloomberg: AMR, US Airways May Target JetBlue for Takeover

Bloomberg reported that JetBlue Airways may become a takeover target for American Airlines or US Airways, if federal regulators succeed in derailing AMR's merger. read more

WSJ: Key Members Pull Out of Bid for ILFC

The Wall Street Journal reported that two key members of a Chinese consortium that had agreed to a deal to buy AIG’s aircraft-leasing unit have pulled out, lessening the chances of the deal being done. read more

Davis + Henderson Completes Acquisition of Harland Financial

Davis + Henderson said it has successfully completed the $1.2 billion acquisition of Harland Financial Solutions, a U.S.-based provider of strategic technology that will expand D+H’s presence among banks and credit unions. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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.
www.abfjournal.com