Mergers / Acquisitions

National Leasing Acquires CarQuest Canada Portfolio

National Leasing Group said it acquired the Canadian lease portfolio of CarQuest Canada, which has also chosen Affiliated Financial Services and National Leasing to provide lease financing and servicing for its Canadian customers. read more

IronPlanet Acquires Asset Appraisal Services

IronPlanet, an online marketplace for used heavy equipment, said it has acquired Asset Appraisal Services, an inspection, appraisal and online auction services company. read more

KeyCorp Sells Victory Capital Management for $246MM

KeyCorp said it has agreed to sell its investment management subsidiary Victory Capital Management and its broker dealer affiliate to a private equity fund sponsored by Crestview Partners for $246 million. read more

Customers Bank to Buy Flagstar's Northeast Loan Portfolio

Flagstar Bancorp said Customers Bank will acquire Flagstar's remaining Northeast-based commercial loan portfolio. read more

Ontario Teachers' Pension to Buy SeaCube Container Leasing

Ontario Teacher's Pension Plan and SeaCube Container Leasing said they have entered into an agreement by which Teachers’ will acquire 100% of the shares of container leasing firm SeaCube for about $467 million. read more

Element Financial Closes Nexcap Acquisition

Element Financial said it has completed the previously announced acquisition of 100% of the shares of Nexcap Finance Corporation for approximately $20 million plus and assumption of $75 million debt financing. read more

MidFirst Bank Acquires Presidential Financial

Presidential Financial announced that it will be acquired by MidFirst Bank. The acquisition is subject to final regulatory approval, and it is anticipated that the transaction will close in early 2013. read more

Sonsray Machinery Acquires 11 Case Construction Dealers

Case Construction Equipment announced an agreement with Sonsray Machinery under which Sonsray will acquire and operate 11 Case dealerships located in CA, NV, OR and WA. read more

GE Capital Closes MetLife Bank Deposit Transaction

GE Capital Retail Bank said it finalized the acquisition of MetLife's deposit base and online deposits business. The deal adds approximately $6.4 billion in deposits. read more

The Alta Group, Chrappa’s IEC Announce Merger

The Alta Group announced an equipment leasing industry merger that will create The Alta Group Asset Management Practice, within The Alta Group’s global operations. Alta CEO John Deane and Carl Chrappa, CEO of Independent Equipment Company, said the new practice will be headed by Chrappa. read more

PNC Riverarch Acquires Burger King Franchisee

PNC Riverarch, a division of PNC Capital Finance, announced the acquisition of a controlling interest in Burger King franchisee Goldco. read more

Houlihan Lokey Acquires Milestone Advisors

International investment bank Houlihan Lokey announced it has acquired Milestone Advisors, an independent investment banking firm that provides M&A, corporate finance and asset valuation and sales advisory services to clients in the financial services industry. read more

Sumitomo Acquires Controlling Interest in Sunstate Rental

Sumitomo announced it has acquired a controlling interest in Sunstate Equipment, a construction equipment rental company headquartered in Phoenix, AZ. read more

Gordon Brothers Acquires Emerald Technology Valuations

Gordon Brothers announced that it acquired Emerald Technology Valuations. The acquisition will expand the commercial and industrial capabilities of Gordon Brothers in the high technology sector. read more

CIT to Buy Flagstar Bank’s $1.3B Loan Portfolio

CIT announced it has agreed to acquire approximately $1.3 billion in commercial loan commitments, which consists primarily of asset-based, commercial real estate and equipment finance loans and leases from Flagstar Bank. read more

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