New Ventures

OnDeck Enters Equipment Financing Market; Hires Key EF Vet to Lead

OnDeck will offer equipment finance loans in 2019. The online small business lender hired Key Equipment Finance veteran Mark Erickson to lead. read more

Milestone Launches National Mobile Warehousing & Storage Product Line

Milestone Equipment Holdings, a provider of trailer and chassis leasing, is expanding its offerings to include a line of mobile warehousing and storage products. read more

Almada to Launch Aircraft Leasing Venture

Aviator reported that Toronto-based private-equity firm Almada will launch a new aircraft leasing company of the same name, backed by a C$80 million investment. read more

Stonebriar Launches Sponsor Finance Platform; GE Vet Gay to Lead

Stonebriar Commercial Finance announced the formation of its new Sponsor Finance platform, which will be led by highly regarded industry veteran, Michael Gay, as executive vice president and senior managing director. read more

JPMorgan Chase Launches Franchise & Restaurant Group; Wells Vet to Lead

JPMorgan Chase's Commercial Bank announced the launch of a franchise and restaurant group within its middle market banking and specialized industries business. read more

Insight Commercial Capital Launches Agricultural Finance Division

Insight Commercial Capital launched a new Agricultural Finance Division to help Minnesota farmers through a lean year. read more

Wintrust Taps Normandin to Lead New Specialty Finance Division

Industry veteran David Normandin joined Wintrust Asset Finance as president and CEO of Wintrust Specialty Finance, which will focus on equipment finance for small and mid-sized businesses nationwide. read more

GE Veteran Leads New Healthcare Equipment Leasing Company Dext Capital

Dext Capital launched as a new independent equipment leasing company focused on the healthcare industry. The company plans to begin offering equipment financing at the beginning of 2019. read more

Bell Bank Hires Zehr to Lead New Equipment Finance Division

Bell Bank launched Bell Bank Equipment Finance, a new division of the bank. Eric Zehr, president of the new division, was previously with Farm Credit Leasing, GE Capital and Merchants Bank Equipment Finance. read more

Former JPMorgan Exec to Lead New Cerberus Technology Company

Former JPMorgan Chase executive Len Laufer joined Cerberus Capital Management to lead Cerberus Technology Solutions, a new operating subsidiary. read more

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

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