Of Interest

Wells Fargo Awards $12.1MM to Support Diverse Small Businesses

Wells Fargo announced 13 Community Development Financial Institutions around the U.S. were selected to receive $12.1 million in lending capital under the Wells Fargo Works for Small Businesses. read more

CEMC Innovation Summit Commences in Southern California

CEMC, the executive think-tank of leaders in fintech, asset finance and purchase, will be meeting for its second annual Innovation Summit at the Ritz Carlton in Laguna Beach from June 4-6. read more

Baker Hughes: June 1 U.S. Rig Counts Up 15.7% Year/Year

Banker Hughes reported the active U.S. rig count as of June 1, 2018 was 1,060, up 144 or 15.7% compared to the U.S. rig count one year ago when it was 916. read more

Penske Truck Leasing Opens New Facility in North Houston

Penske Truck Leasing opened a new facility in North Houston. The facility offers full-service truck leasing, consumer and commercial truck rental, contract truck fleet maintenance services and connected fleet solutions. read more

ECN Capital Completes Investment in The Kessler Group

ECN Capital completed its strategic investment in The Kessler Group on the terms previously announced. read more

Fairfax Increases Total Investment in Seaspan to $1B

Fairfax Financial Holdings entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants, increasing its total investment to $1 billion. read more

Ritchie Bros.’ Nashville Auction Features Late-Model Equipment

Ritchie Bros. will hold its next auction in Nashville, TN on June 7. The auction will feature equipment from nearly 100 owners, including a package of late-model gear from Nashville-based Resource Management. read more

Aviation Industry Mourns Passing of Serge Dassault

The EBAA joined with the NBAA in honoring the life and legacy of Dassault Group chairman emeritus and business aviation leader Serge Dassault, who passed away on May 28 at age 93. read more

CIT Northbridge Arranges Credit Facility for Greene’s Energy

CIT Northbridge Credit, the JV financing unit of CIT Group, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group. read more

Marlin’s CEO and CFO to Participate in LD Micro Invitational Conference

Jeffrey Hilzinger and Taylor Kamp of Marlin Business Services will participate in the LD Micro Invitational Conference held June 4-6 in Los Angeles. read more

North American General Aviation Market to Grow 0.71% by 2023

According to ResearchAndMarkets, the general aviation market in North America is expected to register a CAGR of 0.71% and reach $13.55 billion by 2023. read more

Advanced Driver-Assistance Systems in Commercial Vehicles to Growth 16.3%

According to a report from ResearchAndMarkets, the global commercial vehicle ADAS market will grow at a CAGR of 16.3% between 2018 and 2022. read more

WTO: EU Provided $22B of Illegal Subsidies to Airbus

The World Trade Organization found the EU has failed to honor multiple previous rulings and has provided more than $22 billion of illegal subsides to European aircraft maker Airbus. read more

OCC Wants Banks to Increase Small-Dollar Lending

The Office of the Comptroller of the Currency is now urging U.S. banks to provide more “short-term, small-dollar loans,” Reuters reported. read more

Ritchie Bros.’ Chilliwack Auction to Feature Lineup of Forestry Equipment

Ritchie Bros. will conduct an auction in Chilliwack, British Columbia on May 30 which will feature more than 1,450 equipment items and trucks. read more

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