New Ventures

Worldfab Establishes Equipment Investment Program

Worldfab established an equipment leasing investment program with alternative investment advisory firm Atalaya Capital Management to fund equipment leases and other transactions originated by Worldfab. read more

CAM Integrated Solutions Forms CAM Process Technologies

CAM Integrated Solutions launched a fabrication entity, CAM Process Technologies. read more

Xtraction Launches Cannabis/Hemp Manufacturing Equipment Leasing Program

Xtraction Services, a provider of equipment solutions for cannabis and hemp extraction, launched an equipment leasing program. read more

CIT Creates Logistics Finance Unit, Fosina to Lead

CIT Group is creating a new Logistics Finance unit within its Capital Equipment Finance business to deliver expanded leasing and financing solutions to all stages of the supply chain. read more

GSG Financial Launches Material Handling Asset Management Service

GSG Financial launched GSG Asset Management and Remarketing, a new business unit focused on providing material handling asset management and remarketing services. read more

Boeing, Embraer Sign MOU to Establish Strategic Partnership

Boeing and Embraer signed a MOU to establish a strategic partnership that positions both companies to accelerate growth in global aerospace markets. read more

Former PNC Equipment Finance Executives Launch Verdant Commercial Capital

Verdant Commercial Capital launched as an independent equipment finance company. Verdant is led by CEO Mike Rooney, EVP John Merritt and CCO Chris Kelley. read more

Live Oak Bank Launches New Franchise Lending Business

Live Oak Bank launched a new lending division focused on financing for the franchise restaurant industry. The business will be led by General Manager Lew Woodbury. read more

Navitas Credit Launches New Middle Market Equipment Finance Group

John Martella will join Navitas Credit as senior vice president of the newly formed Navitas Capital division. Jean Cutting also will join the division as vice president of Business Development. read more

Industry Veterans Gannon & Dunner Launch Marine Container Leasing Company

Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra, formed Global Container International, a new marine container leasing platform headquartered in Boston. read more

Felker to Lead Washington Federal’s New Franchise Finance Division

Washington Federal’s new Franchise Finance division will operate out of Scottsdale, AZ. The division will be led by Marisa Felker, who was formerly with CitiCapital and GE Capital Franchise Finance. read more

CSI Expands to Aircraft Ground Support Equipment, Hires Industry Expert

CSI Leasing hired Neil Bennet as GSE leasing global manager to lead its new aircraft ground support equipment leasing initiative. read more

Heritage Global Launches Energy and Construction Division

Heritage Global launched Heritage Global Energy and Construction. Daniel Beck was appointed managing director of the new division. read more

Reetz Promoted to AVP, Credit Manager for First Foundation’s Equipment Finance Unit

Garrett Reetz was promoted to assistant vice president, credit manager in the First Foundation’s Equipment Finance department, as the bank launched a Corporate Banking offering and made several appointments and promotions to its Commercial Banking team. read more

Verhelle Forms New Financial Services Business

Bill Verhelle, the founder of Harvard Partners and First American Equipment Finance, formed a new national lending business in Fairport, NY called Innovation Finance. read more

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