Of Interest

Toolots Secures $3MM Investment from Decathlon Capital Partners

Toolots, an e-commerce platform for industrial equipment, landed a $3 million investment from Decathlon Capital Partners to accelerate growth. read more

SmartEquip Partners with Diamond Construction Equipment to Launch Services in Japan

SmartEquip launched its services, which will be operated in partnership with Tokyo-based Diamond Construction Equipment, in the Japanese market. read more

Boxwheel Trailer Leasing Acquires Prime Trailer Leasing

Boxwheel Trailer Leasing, a provider of semi-trailer rentals, leases and sales with physical rental locations in Denver and Phoenix, acquired Prime Trailer Leasing, expanding Boxwheel’s footprint into the Salt Lake City and Reno, NV, semi-trailer rental and leasing markets. read more

Elite Funding Provides Enriched Lead Technology to Chaparral and Robalo Boats

Chaparral and Robalo Boats is introducing enriched lead technology on their Dealer 360 website platform, created by Elite Funding Technologies, a division of Elite Recreational Finance. The technology will give dealers as true a picture of a customer’s credit based on criteria set by marine lenders. read more

Uptrend Business Launches Financial Services Co Focused on Education and Start-Up Assistance

Uptrend Business partnered with National Business Capital, KGP Funding, ROK Financial and Newtek Solutions to provide credit and funding especially for underserved entrepreneurs and small business owners across the nation. read more

Stonebriar Closes a $64.5MM Construction-to-Permanent Real Estate Financing

Stonebriar Commercial Finance closed a $64.5 million construction-to-permanent real estate financing with a premier real estate developer. This 85% loan-to-cost mortgage will finance the development of a triple-net, build-to-suit property. read more

KKR Invests $40MM in Jet Edge International

KKR has agreed to invest $40 million in preferred equity in Jet Edge International an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. read more

Corcentric CEO Clark and Son to Receive Richard J. Caron Award of Excellence

Corcentric Founder, President and Chief Executive Officer Doug Clark will be honored with the Richard J. Caron Award of Excellence from Caron Treatment Centers on September 9 alongside his son, Zac Clark, for their significant impact on families affected by substance use disorder. read more

Driscoll Named One of Long Island’s Top 50 Most Influential Women in Business

Theresa A. Driscoll, a partner at Moritt Hock & Hamroff, has been named by Long Island Business News as a member of its Top 50 Most Influential Women in Business for 2021. The award recognizes the significant contributions of women professionals to the region’s economy.  read more

Economic Activity in Manufacturing Sector Grows in August Amid ‘Unprecedented Obstacles’

Economic activity in the manufacturing sector grew in August, with the overall economy notching a 15th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

United Leasing & Finance Sponsors Korn Ferry Tour Championship

United Leasing & Finance is once again serving as title sponsor for the 2021 Korn Ferry Tour Championship in Newburgh, IN. The event will feature 150 competitors from around the world competing for a purse of $1 million and one of 25 PGA Tour cards. read more

First Business Bank Awards $33K to Nonprofits as Part of 2021 Charity Golf Invitational

First Business Bank awarded $33,000 to charities on behalf of the winners of the 2021 First Business Bank Charity Golf Invitational – Milwaukee, which was held earlier this week at Oconomowoc Golf Club. read more

ELFA Webinar Provides Key Takeaways on Reaching Customers Through Content Marketing

An introduction to omnichannel marketing, ways to build a content marketing strategy and a case study on bringing these elements together were the focus of the Equipment Leasing and Finance Association’s Aug. 19 webinar, “Reaching Your Customer in a Digital World.” read more

Penske Truck Leasing Pilots Stem’s Athena Software to Support Electric Vehicle Charging

Since April, Penske Truck Leasing has been working with Stem, a provider of artificial intelligence driven energy storage services, to pilot its Athena smart energy storage software and operate an advanced battery storage system. read more

Ideanomics to Acquire VIA Motors

Ideanomics, a company focused on driving the adoption of commercial electric vehicles and associated energy consumption, entered into an agreement to acquire VIA Motors in an all-stock transaction for a 100% ownership stake. The agreement values VIA Motors at $450 million. read more

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