Mergers / Acquisitions

Hitachi Capital America Acquires Hennessey Capital

Hitachi Capital America said that it has acquired the assets and operations of Michigan-based Hennessey Capital, which will operate as a division of Hitachi Capital America to further improve its capability of providing asset-based lending and factoring to businesses nationwide. read more

CSI Acquires Foreign Leasing Assets From Key EF

CSI Leasing said it has expanded its operations in Asia by acquiring two leasing companies from Key Equipment Finance in Hong Kong and Australia as well as all leasing assets in Singapore, Malaysia and New Zealand. read more

TBF Financial Acquires $25MM Charge-Off Portfolio

TBF Financial said it has acquired a commercial small-ticket portfolio from a bank that had $25 million in outstanding charge-offs on leases and loans. read more

Mitsubishi UFJ Buys Jackson Square Aviation

Mitsubishi UFJ Lease & Finance said it has agreed to acquire all the outstanding equity interests of JSA International, which operates as aircraft leasing company Jackson Square Aviation for $1.3 billion. read more

EverBank Completes $2.4B GE Capital Real Estate Deal

EverBank Financial announced the successful completion of its acquisition of Business Property Lending, a business unit of GE Capital Real Estate, North America, for $2.41 billion in cash. read more

Hertz Equipment Rental Acquires Pioneer

Hertz Equipment Rental said it acquired Pioneer Equipment Rental and Sales, an Oklahoma-based construction and industrial equipment rental company. read more

Allegiance Crane & Equipment Acquires USA Mobil Crane

Private equity firm Prophet Equity said its portfolio company, Allegiance Crane & Equipment, has completed the purchase of the assets of USA Mobile Crane. read more

Blue Chip Leasing Acquires Sales Agency

Blue Chip Leasing said it purchased Blue Chip Leasing Atlantic, a sales agency founded by Larry Hachey, to expand its direct sales force. read more

National Leasing Purchases Globale FC

National Leasing announced an expansion of its direct sales force with the purchase of Globale FC, a privately held commercial leasing company headquartered in St-Bruno, Québec. read more

Hertz Acquires Dollar Thrifty in $2.3B Deal

Hertz said it will acquire Dollar Thrifty in a deal valued at $2.3 billion. Hertz also said it will sell the Advantage business to Franchise Services of North America and Macquarie Capital. read more

NESCO Acquires Penske’s Utility Rental Truck Assets

NESCO said it has acquired the utility equipment fleet and related assets of Penske’s utility rental division from Penske Truck Leasing. The acquisition adds approximately 250 units to NESCO’s existing fleet. read more

WSJ: MetLife Waiting Game Continues on GE Deal

The Wall Street Journal reported that the FDIC held its monthly board meeting behind closed door in Washington on Tuesday (8/14/12), and a day later no news has emerged indicating if the board debated the sale of MetLife's bank deposits to GE Capital. read more

Ryder System Closes Euroway Acquisition

Ryder System said it has acquired commercial truck leasing and fleet management provider Euroway Group in the UK. The acquisition adds 1,400 vehicles, as well as trailers, to Ryder’s fleet. read more

Cat Completes Sale of Logistics Business to Platinum Equity

Caterpillar and Platinum Equity announced that Platinum Equity's acquisition of a majority interest in Caterpillar Logistics Services has been completed, with Cat retaining a 35% equity stake in the business. read more

GE Mining Completes Acquisition of Fairchild International

GE Mining said it has completed the acquisition of the assets of Fairchild International, a manufacturer of underground mining vehicles located in Glen Lyn, VA. The new legal business name for the acquisition is GE-Fairchild. read more

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