Mergers / Acquisitions

Wells Fargo Acquires WestLB $6B Subscription Loan Portfolio

Wells Fargo said it has reached an agreement to acquire WestLB’s $6 billion subscription finance portfolio with current outstandings of approximately $3 billion. read more

Permira Funds Acquires Lift-Truck Maker Intelligrated

Permira said that a holding company owned by the Permira funds has agreed to acquire Intelligrated, a provider of automated material handling solutions, in a deal valued in excess of $500 million. read more

Volvo Rents Acquires Camrus Development in Texas

Volvo Rents said it has acquired Camrus Development, a single-location construction equipment rental company based in Bryan, TX. read more

FinanciaLogic Joins Ascentium Capital; McKenzie Named SVP

Ascentium Capital announced the merger of FinanciaLogic, a financer of mobile route computing and direct store delivery systems, and the appointment of Cliff McKenzie, CLP as SVP of sales. read more

Caterpillar to Sell Part of Bucyrus to Cat Dealer Barloworld

Caterpillar and Barloworld announced that Caterpillar Global Mining and Barloworld have signed an agreement for Barloworld to acquire the Bucyrus equipment distribution and support business in South Africa and Botswana. read more

Scotiabank Leasing Acquires Proficom Financial

Scotiabank Leasing Group announced the acquisition of Proficom Financial, a Montreal-based equipment finance company. The company said the addition of Proficom will strengthen its reach in Eastern Canada. read more

Graphic Arts Capital Merges With Connext

Connext, a provider of equipment financing for a number of industries including manufacturing and food processing and packaging, said it has purchased Graphic Arts Capital, an equipment financing company with expertise in the graphic arts industry. read more

Volvo Rents Acquires Action Equipment Rental

Volvo Rents announced the expansion of its operations in New Mexico with the acquisition of Action Equipment Rental, a three-location construction equipment rental company. read more

Union Equity Sells Union Equipment Leasing to Izzy Group

Union Equity said it has sold its wholly owned subsidiary, Union Equipment Leasing and Union Equipment Leasing's class 8 semi truck inventory to Izzy Group. read more

Element Financial to Acquire TLS Fleet Management

Element entered into a definitive agreement to acquire TSL Fleet Management from Scotiabank for approximately $146.7 million plus debt. Additionally, the company announced $75 million in equity financing to fund future growth. read more

Ritchie Bros. Auctioneers to Acquire AssetNation

Ritchie Bros. Auctioneers said it has agreed to acquire AssetNation, an online marketplace and solutions provider for surplus and salvage assets, in an all cash deal valued at approximately $64 million. read more

Liquidity Services to Acquire GoIndustry DoveBid

Liquidity Services, a provider of services for surplus assets, said it agreed to acquire surplus asset management, auction and valuation services provider GoIndustry DoveBid in a deal worth $31 million. read more

United Rentals Closes Acquisition of RSC Holdings

United Rentals announced the closing of its acquisition of RSC Holdings in a cash-and-stock transaction valued at $4.2 billion, including $2.3 billion of net debt. read more

Volvo Rents Acquires Big L Rentals & Sales in Kansas

Rental Equipment Register reported that Volvo Rents acquired Big L Rentals & Sales, a single-location equipment rental company in Garden City, KN. Volvo Rents has made more than 40 acquisitions in the past year. read more

Cypress Financial Joins Summit Commercial Finance

Summit Commercial Finance announced the merger of Cypress Financial and the appointment of Terry Rozzini as SVP, Northwest sales for Summit Commercial. The company also said Jack Steward was appointed VP, direct originations for Summit. 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