Of Interest

L1 Treasury, Airborne Commit $250MM to Launch AltitudeOne Aviation

L1 Treasury and Airborne Capital launched AltitudeOne Aviation with plans to acquire a portfolio of leased in-production narrow body and wide body commercial aircraft. read more

Hitachi Solutions America Introduces Security Extension

Hitachi Solutions America, a provider of global industry solutions powered by the Microsoft Cloud, announced Hitachi Solutions’ Security by Trace Auditing, Key Management, and Encryption (STAKE). read more

Baker Hughes: Latest Rig Counts Up 12.7% Year/Year

According to Baker Hughes, the oil rig count in the U.S. as of September 14, 2018 was 1,055, up 119 or 12.7% from 936 rigs a year earlier. read more

ATA Opens TMC National Technicians Skills Competition

American Trucking Associations’ Technology & Maintenance Council opened the 14th annual National Technicians Skills Competitions – TMCSuperTech on September 16, 2018. read more

Dost Recognized by IAFN as Personality of the Year

The International Asset Finance Network presented Rev. Dr. K. Bill Dost, group CEO of the D&D Companies, the Personality of the Year Award for Equipment Finance at the IAFN Awards Dinner on September 13, 2018. read more

ELFF Releases Update to Applied Economics Handbook

The Equipment Leasing & Finance Foundation released the 2018 update to the Applied Economics Handbook: Make Better Business Decisions Using Economics. read more

Cat Dealers Pesa, Sotreq Partner with Ritchie Bros. for Equipment Sale

In August, Brazilian Cat dealers Pesa and Sotreq partnered with Ritchie Bros. to sell a large number of equipment items through Ritchie Bros.' new online sales solution, Marketplace-E. read more

Report: Farm Equipment Rental Market to Grow 7.78% by 2022

The global farm equipment rental market is anticipated to grow at a CAGR of 7.78% during the period 2018-2022, according to a report from ResearchAndMarkets. read more

Crypto Market Plummets as SEC Announces Suspension of Two Securities

Bloomberg reported the cryptocurrency market dropped to a 10-month low amid an SEC announcement of a temporary suspension of trading in Bitcoin Tracker One and Ether Tracker One. read more

PayNet Sees Main Street Resume ‘Blistering Pace of Investment’ in July

According to the latest Strategic Insights Report from Paynet, small business lending grew in the double digits in July. Paynet president noted the “resumption of blistering pace of investment”. read more

Triumph Completes First Bancorp of Durango, Southern Colorado Acquisitions

Triumph Bancorp completed its acquisitions of First Bancorp of Durango and Southern Colorado. read more

Commercial Chapter 11 Filings Fall 12% in August

According to the American Bankruptcy Institute, the 361 commercial chapter 11 filings in recorded in August 2018 were down 12% from the 412 commercial chapter 11 filings in July. read more

Ritchie Bros. Sell Over $60MM in Equipment at September Auction

Ritchie Bros. sold over C$78 million ($60 million) in equipment to more than 1,000 consignors at the company’s September auction in Edmonton, AB. read more

LaSalle Engineer Pfau Named Cisco Most Strategic Partner Engineer

LaSalle Solutions Lead Engineer Dave Pfaa received the Cisco award for Most Strategic Partner Engineer. Cisco presented the award on at its FY18 Partner Awards in Las Vegas in August. read more

Verity Health System of CA Files Chapter 11; Ally Bank to Provide DIP

Verity Health System of California filled voluntary petitions for protection under Chapter 11. Ally Bank will be providing secured DIP financing of up to $185 million. read more

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