Mergers / Acquisitions

Electro Rent Acquires Bankrupt Equipment Rental/Leasing Company

Electro Rent said it will acquire the assets of privately held Equipment Management Technology, a provider of electronic test equipment, in a private sale through the U.S. Bankruptcy court. read more

Titan Machinery to Acquire Two Agriculture Equipment Dealerships

Titan Machinery said it entered into definitive agreements to acquire two Nebraska-based agriculture equipment dealerships, Virgl Implement and Victors. read more

Steve Hudson's Element Financial Acquires Alter Moneta

Element Financial, a Canadian equipment finance company, said it entered into a definitive agreement to acquire Alter Moneta, a Montreal-based equipment leasing company. Details of the transaction were not disclosed. read more

GE to Sell SeaCo Venture for $1.05 Billion

Bloomberg reports General Electric and a partner agreed to sell shipping-container lessor GE SeaCo for $1.05 billion to China-based HNA Group Co. and Bravia Capital as Jeff Immelt reshapes GE's finance business. read more

ATEL Venture's Portfolio Company Innovalight Acquired by DuPont

ATEL Venture said that DuPont has acquired one of its portfolio companies, Innovalight, which specializes in creating black "silicon ink" that is applied to silicon cells during the solar manufacturing process. read more

Volvo Rents Acquires Valley Rental Centers, Continues Expansion

The Rental Equipment Register reports Volvo Rents has acquired Valley Rental Centers, a two-location Volvo Rents franchise based in Merced and Modesto, CA, as part of its ongoing expansion of company-owned facilities. read more

Stearns Bank Equipment Finance Division Purchases Two Portfolios

Stearns Bank Equipment Finance Division recently purchased two more portfolios of performing small ticket leases, for a total of seven so far in 2011. read more

Volvo Rents Acquires Contractors Equipment Rental

The Rental Equipment Register reports Volvo Rents has acquired Orlando-based Contractors Equipment Rental. Volvo Rents recently acquired Sampson Equipment and Tuff Equipment Rentals as part of its footprint expansion. read more

Hertz to Acquire Donlen in $930 Million Transaction

Hertz Global and Donlen Corporation announced the signing of an agreement under which Hertz will acquire Donlen, a provider of fleet leasing and management services, in a $930 million transaction. read more

Key Energy to Acquire Frac-Stack Equipment Rental Companies

Key Energy Services said it has agreed to acquire frac-stack equipment rental companies Edge Oilfield Services and Summit Oilfield for consideration of approximately $300 million in cash and stock. read more

Kingsbridge Holdings Acquires Trilogy Leasing

Kingsbridge Holdings acquired Trilogy Leasing, a leasing services provider of new and previously owned technology equipment, increasing Kingsbridge's total assets in excess of $420 million. read more

Cat Closes Bucyrus Deal; Wunning to Lead Cat Mining

Caterpillar announced it has completed its acquisition of Bucyrus International. Caterpillar funded the acquisition, valued at approximately $8.8 billion (including net debt), using cash from its balance sheet and debt. read more

Wells Fargo Completes Acquisition of Castle Pines Capital

Wells Fargo said it has completed the acquisition of Castle Pines Capital, a provider of channel finance services that will become a part of Wells Fargo Capital Finance. read more

Susquehanna Bancshares to Acquire Tower Bancorp

Susquehanna Bancshares and Tower Bancorp announced the signing of a definitive agreement under which Susquehanna will acquire all outstanding shares of Tower common stock in a stock and cash transaction. read more

Volvo Rents Continues Expansion, Acquires Tuff Equipment Rentals

The Rental Equipment Register reports Volvo Rents acquired Louisiana-based Tuff Equipment Rentals, its second major acquisition within a week. On June 14, Volvo Rents announced the acquisition of Utah-based Sampson Equipment. 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