Of Interest

Columbus McKinnon Appoints Colella and Abraham to Board of Directors

Columbus McKinnon, a designer, manufacturer and marketer of intelligent motion solutions for material handling, appointed Gerald Colella, the retired president and CEO and current chair of MKS Instruments, and Chad Abraham, chair and CEO of Piper Sandler, to its board of directors. read more

US Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

U.S. Bank unveiled several company-wide commitments to address the impacts of climate change on its business, customers and communities, including setting a goal to achieve Net Zero greenhouse gas emissions by 2050. read more

ECN Capital to Ask Shareholders to Consider Reduction in Stated Capital

ECN Capital mailed information to shareholders in connection with a special meeting of holders to be held on Dec. 2 in which shareholders will vote on a proposal to reduce the stated capital account of common shares in the capital of the corporation. read more

MUFG: Restaurants Will Face Margin Contraction, Slower M&A in Q1/22

With rising commodity prices, workforce shortages and higher expenditures to attract labor, the restaurant industry will face continued margin contraction and, consequently, lower M&A volume in Q1/22, according to Mitsubishi UFJ Financial Group’s restaurant finance group. read more

Hull to Serve as Senior Advisor to the GARP’s Financial Risk Manager Advisory Committee

Finance expert John Hull will serve as senior advisor to the Global Association of Risk Professionals’ Financial Risk Manager (FRM) advisory committee. In the role, Hull will help ensure the coverage, completeness and relevance of the FRM program. read more

IDC Reveals Top 10 Information Technology Industry Predictions

International Data Corporation revealed its worldwide information technology industry predictions for 2022 and beyond, including the expectation that more than half of all information and communications technology investment will be linked to digital transformation by 2024. read more

EquipmentShare’s T3 Technology Wins Fleet Management Innovation Award

EquipmentShare’s T3 technology was named the fleet management innovation of the year at the AutoTech Breakthrough Awards.    read more

CIT Arranges $95MM in Financing to Support Relaunch of Castle Rock Entertainment

CIT’s technology, media and telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of Hollywood film production company Castle Rock Entertainment. read more

Cloud Infrastructure Spending Declines 2.4% in Q2/21, Still on Track for Growth in Full Year

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, decreased 2.4% year over year in Q2/21 to $16.8 billion. read more

Fleet Advantages Becomes Official Sponsor of Truckersfinalmile.org

Fleet Advantage, a provider of truck fleet business analytics, equipment financing and life cycle cost management (LCCM), became an official sponsor of truckersfinalmile.org by making a donation through its Kids Around the Corner foundation. read more

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

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