New Ventures

Navitas Lease Opens Equipment Manufacturer Financing Division

Navitas Lease said it is continuing its expansion into the equipment manufacturer financing segment with its recent purchase of the Vendor Lease Management Group lease portfolio and merger of the company’s team with Navitas. read more

RBS Citizens Names Katz to Lead New Lender Finance Group

RBS Citizens Business Capital announced the launch of its new Lender Finance Group and named Wells Fargo veteran Steven Katz to lead the group as SVP and sales leader. read more

First Financial Expands Into Canada

First Financial Corporate Services, a provider of medical, material handling and IT equipment leasing solutions, announced its expansion into Canada and the formation of FF Canadian Leasing. read more

Ervin Leasing Expands Into Office Products Finance Market

Ervin Leasing said it has expanded into the office products finance market with the hiring of Shane Rice as relationship manager-office products. read more

LeasePlan Expands Into Canada

LeasePlan said it has entered into a licensing agreement with Canadian fleet management company Foss National Leasing, whereby FNL will operate the newly-formed subsidiary LeasePlan Canada. read more

National Bank Launches Specialty Finance Unit

National Bank Holdings said it has added a new line of business with the launch of a government and non-profit specialty banking unit, which will be led by Tim David, who joins from CoBiz Financial. read more

GE Capital, Clean Energy Fuels Form Strategic Alliance

GE Capital Transportation Finance and Clean Energy Fuels entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas. read more

GSG Financial Launches End User Finance, Vendor Finance Units

GSG Financial said it has launched two new business units — End User Finance and Vendor Finance. read more

OxySure Launches Financing Option Using LeaseQ Platform

Medical technology company OxySure Systems announced a new financing service to help customers lease its full suite of medical devices using a platform powered by LeaseQ that provides access to third party lenders. read more

Geist to Lead New Synovus Equipment Finance Group

Synovus announced the creation of its Equipment Finance Group and said John Geist, previously EVP of BofA/NationsBank’s Corporate Banking Group, will serve as president. The group will be based in Charleston, SC. read more

Oil Well Services Provider Launches Leasing Company

Luminart, a provider of infrastructure and oil well services, announced the launch of a new subsidiary company, Luminart Leasing, which will be used as a vehicle to lease or rent equipment that is not currently deployed. read more

Chesswood Launches Windset Capital to Serve Small Business

Chesswood Group said it has launched its new working capital loan business, Windset Capital, which will provide working capital loans to tenured small businesses throughout the United States. read more

Icahn Announces Formation of Railcar Leasing Joint Venture

Icahn Enterprises announced it has entered into an agreement with its chairman, Carl C. Icahn, to form a joint venture, American Railcar Leasing. read more

Fifth Street Finance Enters Aircraft Leasing Business

Fifth Street Finance said it has formed First Star Aviation, a new portfolio company in the aircraft leasing sector. Pradeep Hathiramani will lead the operations of First Star as managing director. read more

BBVA Compass Launches Equipment Finance Unit

BBVA Compass said it has launched an equipment finance unit. Mark Marinik leads the division as EVP and director of commercial equipment finance. He previously served as president of ICX, the leasing affiliate of Charter One. read more

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