New Ventures

Mack Trucks to Open Orders for Mack LR Electric in Q4/20

Mack Trucks plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain. Orders for the Mack LR Electric will open in Q4 2020, with deliveries beginning in 2021. read more

Truist Unveils Venture Capital Division, Vreeland to Lead

Truist Financial launched Truist Ventures, a corporate venture capital division, and appointed Vanessa Indriolo Vreeland, an executive with more than 20 years of private equity, venture capital and banking experience, to lead the new venture. read more

Old Point National Bank Opens Commercial Lending Office in Richmond, VA

Old Point National Bank opened its first commercial lending office in the Richmond, VA, area, with Philip Hager and Linnett Fortner leading the new team. read more

ENGS Commercial Capital Launches Floor Plan Finance Program

ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, is now offering floor plan financing to qualified dealers and equipment manufacturers. read more

Financial Partners Group Hires Ascentium Vet Mabee and Team to Support Rebrand

Financial Partners Capital has restructured and rebranded as Financial Partners Group (FPG). Josh Mabee joined as COO along with his team from Ascentium Capital. Under the new structure, FPG plans to originate $300 million of volume in its first year. read more

Travelers Financial Group Launches Alternative Capital Lending Division

Travelers Financial Group launched Travelers Restructuring Capital (TRC), a transitional capital initiative designed to support small and mid-market businesses that operate in asset-intensive industries. TRC works with companies at each stage of the corporate life cycle, allowing them to better understand their... read more

GAT Forms GA Telesis Rotorcraft, Acquires Seven Bell 206L4 Helicopters

GA Telesis formed GA Telesis Rotorcraft to provide lease and finance solutions in the helicopter sector. GATR closed its first transaction with Bell helicopters. read more

Six Agtech Startups Selected for Wells Fargo Innovation Incubator

The Wells Fargo Innovation Incubator selected six new startups focused that support agriculture technology solutions while reducing environmental impact. read more

Wells Fargo Provides $900K to Cleantech Startups Impacted by COVID-19

The Wells Fargo Innovation Incubator accelerated its awards program to provide $900,000 to cleantech and sustainable agriculture startups impacted by COVID-19. read more

Key Equipment Finance, Itron Launch Smart City Financing Program

Itron and Key Equipment Finance have introduced a financing program that removes funding as a barrier for smart city and smart community programs. read more

Monitor to Launch Podcast Featuring Board Commentary on Coronavirus Impact

Monitor will launch a new podcast featuring commentary from its board members offering differing viewpoints on the evolving impact of the coronavirus. read more

GreatAmerica Financial Services Submits Industrial Bank Application to FDIC

GreatAmerica Financial Services has applied with the FDIC and UDFI to establish GreatAmerica Bank, an industrial bank to be located in Salt Lake City. read more

First National Capital & US Leasing Launch Buy Desk Initiative

First National Capital and U.S. Leasing and Equipment Finance launched a new initiative to provide capital to third-party originators and lease finance brokers, which will be led by Justin Kiluk. read more

Seabury Capital Establishes New Financing Arm for Global Aircraft Market

Seabury Capital Group has formed Seabury Aircraft Capital through a combination of its existing advisory practices and the acquisition of an investment banking firm Structured Finance International. read more

White Oak Hires Three to Expand Aviation Finance Offerings

White Oak Global Advisors added three senior members to White Oak Aviation, its aviation financing affiliate. read more

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Terry Mulreany
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