Of Interest

Alta Equipment Group Acquires Ambrose Equipment

Alta Equipment Group entered into a definitive agreement to acquire the assets of Ambrose Equipment, a privately-held equipment distributor with locations in New Hampshire and Massachusetts. read more

Synovus Establishes $4MM Charitable Giving Fund

Synovus established Here Matters Community Fund, a $4 million charitable giving fund through which Synovus will expand its investments in communities throughout the bank's five-state footprint in the Southeast. read more

Greenbrier Joins RailPulse Coalition

The Greenbrier Companies joined RailPulse, a coalition of railcar owners, builders and operators working to facilitate the adoption of GPS and other telematics technology across the North American freight rail network. read more

ACT Research’s For-Hire Trucking Index Shows Capacity Recovering

ACT Research’s latest for-hire trucking index, which included November data, showed across-the-board increases. read more

IT Firms Have Received More Funding Than Business in Other Industries in 2021

A new study from Biz2Credit that analyzed 2020 and 2021 industry trends among small businesses found that information technology firms received the most funding of any industry in terms of volume and the highest average amount of funding during the study time frame. read more

Parthenon Capital Partners Acquires Kroll Bond Rating Agency

Kroll Bond Rating Agency entered a deal with private equity firm Parthenon Capital Partners, which will acquire a majority stake in the company. KBRA is a global credit rating agency that was founded in the wake of the global financial crisis. read more

Wells Fargo and HSBC Partner on Blockchain-Based Solution for FX Transactions

Wells Fargo and HSBC Bank established a bilateral agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange transactions. read more

Blue Ridge Bank Named a Top 10 USDA B&I Lender

Blue Ridge Bank was included on the top 10 commercial lender list by the U.S. Department of Agriculture Rural Development. read more

Loan Approval Rates Continue to Rise at Banks and Non-Bank Lenders

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.1% in October to 14.2% in November, according to Biz2Credit’s Small Business Lending Index. Meanwhile, small banks’ approval rates also rose from October’s figure of 19.7% to 19.9% in November. read more

Ritchie Bros. Sells More Than $50MM in Equipment at Rocky Mountain Region Auction

Ritchie Bros. returned to the Rocky Mountain region and sold more than 3,800 equipment items and trucks from seven different locations in one online event. The two-day auction attracted more than 11,000 bidders and generated more than $50 million in gross transaction value. read more

ACT Research For-Hire Trucking Index Shows Driver Availability Starting to Improve

ACT Research’s latest For-Hire Trucking Index, which includes October data, showed a decrease in volumes, pricing and productivity, with capacity up slightly and with a lower but still healthy supply-demand balance. read more

ABA Names Berkoff Chair of Dispute Resolution Committee

The American Bar Association appointed Leslie A. Berkoff, a partner and chair of the dispute resolution practice group in the Garden City, NY, office of Moritt Hock & Hamroff, to serve as chair of the dispute resolution committee of its business law section.  read more

Voyager Aviation Holdings Issues $250MM in Additional Senior Secured Notes

Voyager Aviation Holdings, a privately held aviation investment firm and commercial aircraft leasing company based in Ireland, issued $250 million in additional 8.5% senior secured notes due 2026. read more

Penske Truck Leasing to Acquire DeCarolis Truck Rental

Penske Truck Leasing reached an agreement to acquire the assets of Rochester, NY-based DeCarolis Truck Rental. Financial terms were not disclosed. read more

Ritchie Bros. Sells More Than $41MM in Equipment at Recent Alberta Auction

Ritchie Bros. sold more than 2,700 equipment items and trucks for 400 consignors, generating more than C$51 million ($41 million) in gross transaction value at a recently held three-day unreserved auction in Grande Prairie, AB. read more

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