New Ventures

Med One Expands Into General Commercial Leasing

Med One Capital will expand beyond the healthcare leasing industry and enter into the general commercial leasing sector. read more


Patriot EF Moves into Canada; Hires New MD

Patriot Equipment Finance will expand its reach with the addition of several offices in Canada. In conjunction with the expansion, PEF appointed Claudio Macuso as the new managing director for the region. read more

Signature Adds Financial Offering, Expands Workforce

Signature Financial is expanding its roster of financial offerings with direct commercial vehicle finance. In addition, the specialty finance subsidiary of Signature Bank has made several personnel additions. read more

Signature Bank Launches Municipal Finance Subsidiary

Signature Bank announced the formation of a new wholly owned subsidiary, Signature Public Funding, which will provide municipal finance and tax-exemption lending and leasing to municipal entities. read more

Milestone Merges With US Trailer Holdings & Quest Capital

In a merger completed by Wood Creek Capital Management, Milestone Equipment Holdings, US Trailer Holdings and Quest Capital Group have joined forces. read more

Heritage Names Upson to Lead New Asset Financing Business

Heritage Global announced the launch of Heritage Global Capital, its newly formed fixed asset financing services division. Joe Upson has been named managing director with responsibility to oversee the division’s operations. read more

Ares, Varagon Form New Partnership for Senior Loans

Ares Capital and Varagon Capital announced a new joint venture that will make senior secured loans to middle-market companies. The JV will follow on with the success that Ares enjoyed in its previous JV with GE Capital. read more

UPS Capital, Kabbage Partner to Offer Small Businesses Loans

UPS Capital announced a partnership with Kabbage, a technology and data platform that powers automated small business lending. read more

Noesis Launches Promotional Financing, Hires Capital One/Walmart Vet

Noesis, an online lending marketplace for financing industrial equipment, announced the launch of a promotional financing program and the appointment of Capital One/Walmart veteran, Hiren Patel, as CCO. read more

Green Capital Launches Funding Site

Green Capital announced it launched a new funding site, GreenCapitalCredit.com, which provides financing solutions for small business owners through short-term options such as equipment financing. read more

Independence Energy Launches RedHawk Financial

Independence Energy announced financial services veteran Edward Crowley has been appointed to its board and will lead RedHawk Financial Services, the company’s new financial services unit. read more

Tech CU Launches First Credit Union-Based ABL Unit

San Jose, CA-based Tech CU said it will expand its commercial loan services by providing asset-based lending services to be used for debt refinancing and equipment purchases, as well as supplement working capital. read more

Former Wells Fargo EF Exec Hired to Launch Commercial Finance Business

Former Wells Fargo Equipment Finance executive, Samuel H. Smith III, joined Customers Bank as managing director to launch a Commercial Finance Group with an experienced team. read more

Former AIG/CEF Exec Team to Expand Wintrust EF Business

Wintrust Financial said it expanded its equipment finance operation capability with the addition of Wintrust Commercial Finance. WCF is led by an executive management team formerly with AIG Commercial Equipment Finance. read more

Bank of the West, JCB Finance Announce Joint Venture

For Construction Pros reported on April 1, 2015, JCB Finance began partnering with Bank of the West as a branded virtual joint venture captive finance company. read more

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Terry Mulreany
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