Of Interest

Columbus McKinnon Completes Succession Plan, Names New CEO

The board of directors of Columbus McKinnon appointed Mark D. Morelli as the company’s president and CEO, completing its previously announced succession plan.  read more

Arrendadora y Factor Banorte Selects LeaseWave from Odessa

Arrendadora y Factor Banorte selected LeaseWave from Odessa Technologies to provide end-to-end automation for its asset finance portfolio. read more

Beacon Funding Supports Growth of Lone Star Awards and Graphics

Beacon Funding notes that it has been supporting the business of Lone Star Awards and Graphics since 2003 having financed nine pieces of equipment that has helped transform the company’s business. read more

IronPlanet Unveils Seller-Branded Cloud-Based Platform

IronPlanet launched its new Marketplace Direct platform, which offers advanced, self-listing functionality for larger-scale equipment sellers. read more

Balboa Survey Says 83% of SBOs Will Use Tax Refunds for Business Expenses

According to Balboa’s survey, 40% of small business owners surveyed expect to receive a business tax refund and, among them, 83% plan on putting it toward business-related expenses and initiatives. read more

ZF, NVIDIA Announce Self-Driving System for Commercial Vehicles

ZF launched the ZF ProAI self-driving system, based on the NVIDIA DRIVE PX 2 AI car computer, for cars, trucks and other commercial vehicles for factories, agriculture and mining. read more

Wells Agents Revolver for Popeyes Before Sale to Burger King

On February 15, Popeyes Louisiana Kitchen amended its credit agreement with Wells Fargo as administrative agent, providing a $150 million revolver expansion. On February 21, Restaurant Brands International, the parent company of Burger King, purchased Popeyes for $1.8 billion. read more

First American Ranked No. 14 Large Company Culture

First American Equipment Finance ranked No. 14 among high performance cultures with 100 or more employees in the U.S. in Entrepreneur Magazine’s Top Company Culture List. read more

Regents Capital Ranked on 2017 Top Company Cultures List

Regents Capital was ranked on Entrepreneur's Top Company Cultures list, a ranking of U.S.-based businesses exhibiting high-performance cultures created in partnership with CultureIQ. read more

CIT Bank Recognized as one of the Best Online Banks

CIT Bank was named one of the Best Online Banks of 2017 in GOBankingRates' fifth annual rankings. The bank was selected for its competitive annual percentage yield and no monthly service fee. read more

Wells Fargo Names Two New Independent Directors

The board of directors of Wells Fargo elected Karen B. Peetz, retired president of The Bank of New York Mellon, and Ronald L. Sargent, retired chairman and CEO of Staples, as new independent directors. read more

Greenkraft Places 12 Trucks, Launches Financing Options

Greenkraft placed six trucks in a Southern California city and will be placing six more in another. In addition, Greenkraft will now offer financing options for Greenkraft truck purchasers. read more

Penske Truck Leasing Debuts in Katy, TX

Penske Truck Leasing opened a new location in Katy, TX where it will offer full-service truck leasing, consumer and commercial truck rental and contract fleet maintenance services. read more

Terex Completes Sale of 7.45MM Shares of Konecranes

Terex completed the sale of 7.45 million Class A shares representing 9.5% of the total shares outstanding of Konecranes at a price of €34.50 ($36.43) per share. read more


Hilco, Prestige to Conduct Sale of Heavy Precision Machining Operation

Hilco joined forces with Prestige Equipment to offer the sale of the former power generator housing, wind turbine tower and pressure vessel manufacturing facility of Mitsubishi Hitachi Power Systems Canada. read more

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