New Ventures

Monitor Launches Monitor Suite, Opening Access to Exclusive Content

Today, Monitor officially launched Monitor Suite, the preeminent subscription platform for exclusive premium equipment finance industry content. Upon launch, Monitor Suite subscribers gain immediate access to the 2022 Monitor 100, Monitor’s library of data reports and the first three episodes of Three Minutes, Monitor Suite’s first exclusive video series. read more

Citadel Credit Union Launches Business Banking Division

Citadel Credit Union has officially launched its new business banking division – complete with a full suite of products, a new team and the kickoff of a multichannel marketing campaign – "Better Business Banking Has Arrived." read more

United Rentals Launches Total Control Emissions Tracking for Rental Equipment

United Rentals launched a new data-driven solution in its cloud-based Total Control fleet management platform, which helps to provide information customers can use as part of their programs to monitor and manage their environmental impact. read more

Owl Rock Makes Equity Commitment to New Leasing Platform

Certain of Owl Rock’s funds made an initial equity commitment to Amergin Asset Management, a newly formed portfolio company created to invest in a leasing platform focused on railcar and aviation assets. Mark McGreenery will lead the new company. read more

Castlelake Partners with Aequum Capital to Establish Specialty Lending Platform

Castlelake and Aequum Capital entered a partnership to establish a new commercial lending platform for the origination and servicing of senior asset-backed loans to small and medium-sized businesses in the United States. read more

Customers Commercial Finance Launches SMB Vertical, Adds New Hires

Customers Commercial Finance launched a SMB vertical and hired Jason Adler as head of sales, Mike O’Connell as head of credit and portfolio management, Scott Keenan as head of product innovation and Jennifer Oleniak as senior operations manager to support the new division. read more

Monitor to Launch “Monitor Suite,” a Subscription Platform for Exclusive Equipment Finance Content

Monitor introduced Monitor Suite, the preeminent subscription platform for exclusive premium equipment finance industry content, which will launch Aug. 9. Featuring high quality streaming video series, a library of in-depth data reports, members-only events and livestreams and much more, Monitor Suite is open for pre-registration at a special introductory annual rate of $99 for a limited time. read more

EV Manufacturer Fisker Launches Financing Platform

Fisker, a manufacturer of electric vehicles, launched Fisker Finance, a digital financing platform offering loan purchase options to Fisker customers. Fisker Finance plans to begin offering financing in Q4/22. read more

REV Capital Announces New Commercial Finance Division, Appoints Dubs President

REV Capital, a provider of factoring and cash flow financing in Canada and the United States, announced a new commercial finance eastern division and appointed Mark Dubs president of the eastern division. read more

Circularix and Macquarie Group to Build and Operate PET Recycling Plants Across U.S.

Under the new name Circularix, HPC Industries, Macquarie Group's Commodities and Global Markets group have formed a joint venture to produce recycled polyethylene terephthalate (rPET). The venture's plans include building and operating five recycling facilities across the U.S. read more

Solectrac Expands Nationwide Electric Tractor Sales Network with Three New Dealer Partnerships

Solectrac, makers of electric tractors and an operating company of Ideanomics expanded its certified dealer network with the addition of Ocala Tractor, Schow's and Georgia Land Equipment in Florida, Idaho and Georgia. read more

Mountain Ridge Capital Launches as Asset-Based Commercial Finance Firm

Mountain Ridge Capital, an asset-based commercial finance company, officially launched. Backed with equity from Arena Investors, the company will be led by Craig Winslow as president and chief credit officer. read more

SouthState Bank Launches Equipment Finance Division, Hobbs to Lead

SouthState Bank launched an equipment finance specialty to create additional lending capabilities and to support its commercial customers. SouthState promoted Chris Hobbs to managing director to lead the newly formed specialty. read more

Ritchie Bros. Forms Dedicated Energy Team, Kittson to Lead

Ritchie Bros. formed a new dedicated energy team to support oil and gas customers with a suite of transaction solutions, services and insights. Kelly Kittson, director of strategic accounts for Ritchie Bros., will lead the new team. read more

Rolling Stock Solutions Launches to Provide Leasing Solutions for Commuter Rail Fleets

Rolling Stock Solutions launched as a new leasing platform focused exclusively on delivering proven, like-new locomotive power to U.S. commuter rail agencies facing challenges to replace and improve aging locomotive fleets. read more

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Terry Mulreany
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Susie Angelucci
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