Of Interest

Ritchie Bros. Sells $47MM+ in Equipment at Houston Auction

At its second Houston auction of the year, Ritchie Bros. sold over 4,400 equipment items over two days for more than $47 million. read more

Ritchie Bros.’ to Sell 10,900+ Items in Annual Canadian Auction

From April 30 through May 4 in Edmonton, Canada, Ritchie Bros. will host its annual spring auction, featuring equipment from hundreds of companies across Western Canada. read more

GM Talks With Amazon-Backed Electric Truckmaker Stall

Bloomberg reported talks between General Motors and electric-vehicle startup Rivian Automotive about the largest U.S. carmaker buying an equity stake have reached a stalemate. read more

CIBC Provides Parchment with $7MM Growth Capital Financing

CIBC Innovation Banking has closed a $7 million growth capital financing for Parchment a company that digitizes and distributes education credential records, ranging from K-12, colleges and universities, to trade schools. read more

Stonebriar Closes Fifth Equipment Securitization Transaction for $650MM

Stonebriar Commercial Finance closed its previously announced fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A. read more

Med One Books 8-Figure Lease With Large East Coast Health Care Provider

In March, Med One Group booked a lease totaling more than $28 million for a large healthcare company based in Virginia. read more

Liberty Capital Reaches $150 Million Funding Milestone

Liberty Capital Group has just passed a new funding milestone of $150 million. Comprised of term-loans, business cash advances and equipment leasing, the capital for this funding was sourced from direct funding, syndication and through a network of lenders across the nation. read more

Feb 2019 Machine Tool Orders Down from 2018

Machine tool orders totaled $337.2 million in February 2019 accounting for a 15 percent decline from January and a seven percent decline from the previous February, according to the latest USMTO report from AMT. read more

Partnering with Fintechs is Top SCF Budget Priority for Banks in 2019

In an ever-evolving supply chain finance (SCF) industry, financial technology providers continue to disrupt the bank-led status quo and garner an increasing market share because of their flexible financing strategies. read more

MIC to Sell Operating Renewables Businesses

Macquarie Infrastructure Corporation has reached agreements for the sale of each of its portfolios of operating wind and solar power generation businesses. Aggregate gross proceeds to MIC from the sales are expected to be $215 million. read more

Tiger Capital Expert Says Heavy Debt Drives Retail Failures

Excessive debt continues to be an underappreciated factor in the demise of many retail chains, writes Bradley W. Snyder, a Tiger Capital Group executive managing director, in the weekly newsletter of Mann Publications’ Fashion Mannuscript magazine. In the featured story Snyder, a corporate advisor on... read more

Gordon Brothers Purchases Assets of Coalcliff Pty

Gordon Brothers has acquired assets formerly owned by Coalcliff Pty, including trucks (prime movers, service trucks, and water trucks), trailers, loaders, excavators, rollers, dump trucks, graders, dozers, light vehicles and miscellaneous workshop assets and assorted parts. read more

ELGA to Exhibit at 31st Annual National Funding Conference

Equipment Leasing Group of America (ELGA) will be exhibiting at the 31st Annual National Funding Conference, April 9-11, at Swissôtel Chicago. read more

ISM Report: 56.1% Growth in Non-Manufacturing Sector in March

Economic activity in the non-manufacturing sector grew in March for the 110th consecutive month, according to the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report on Business. read more

BofA Ranked Top Financial Institution in 2019 LinkedIn Top Companies list

Bank of America was today ranked the top financial institution in the 2019 LinkedIn Top Companies list. This is the first time the bank has been included in the fourth annual list that recognizes the 50 most sought-after places to work in the U.S. read more

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