News

Onset Financial Goes Pink in Support of Breast Cancer Awareness

The American Cancer Society projects that 281,550 women will develop invasive breast cancer in the U.S. in 2021. To show support and help spread awareness, Onset Financial changed the logos on its building to hot pink and Onset Gives, the 501(c)(3) philanthropic branch of Onset Financial, will completely shift its focus to breast cancer. read more

Crain’s Names Beacon Funding a Best Place to Work in Chicago Finalist

Crain's Chicago Business named Beacon Funding, a provider of equipment financing to small businesses throughout the United States, to the 2021 Best Places to Work in Chicago list. read more

United Rentals Acquires General Finance for $996MM

United Rentals and General Finance entered into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. read more

Food Logistics Names Fleet Advantage’s Ten Eyck a 2021 Rock Star of the Supply Chain

Bill Ten Eyck, CTP, vice president of strategic fleet solutions for Fleet Advantage, was named a Food Logistics Champions: Rock Stars of the Supply Chain award winner for 2021. read more

Aviation Capital Group Promotes White to Chief Revenue Officer

Aviation Capital Group, an aircraft asset manager, promoted Carter White to chief revenue officer, effective May 1. White joined Aviation Capital Group in 2016 as head of aircraft trading. read more

Santos Named Interim Head of Human Resources at Wells Fargo as Galloreese Exits

David Galloreese, head of human resources at Wells Fargo, will leave the company on April 23. Kleber Santos, head of diverse segments, representation and inclusion and a member of the operating committee for Wells Fargo, will take on the role on an interim basis. read more

Cunningham and Perry Join Moritt Hock & Hamroff’s Trusts and Estates Practice

Jennifer Cunningham and Ronald P. Perry joined Moritt Hock & Hamroff’s trusts and estates practice group. Both joined the firm as associates. Cunningham will work in the firm's New York City office and Perry will work in the firm's Garden City, NY, office. read more

Banc of California Names Kweskin EVP, Chief Human Resources Officer

Banc of California appointed Alex Kweskin executive vice president and chief human resources officer, effective May 3. Kweskin joined Banc of California from MUFG Union Bank. read more

Crestmark Equipment Finance Promotes Pierman to SVP, Business Unit President

Crestmark named Rick Pierman senior vice president and business unit president of Crestmark Equipment Finance. Pierman previously held the role of senior vice president of strategic operations with Crestmark Equipment Finance. read more

Boeing Forecasts Sufficient Capital for Aviation Finance

In its 2021 Current Aircraft Finance Market Outlook, Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global COVID-19 pandemic and vaccine deployment continues to accelerate. read more

Utica Equipment Finance Hires Quirk as Director of Credit and Underwriting

Utica Equipment Finance hired Jim Quirk as director of credit and underwriting. Prior to joining Utica Equipment Finance, Quirk was vice president of credit at People’s Capital and Leasing. read more

Wintrust Commercial Finance Celebrates 6-Year Anniversary

Wintrust Commercial Finance, a division of Wintrust Asset Finance, is marking its sixth year in business this month. Since its inception in 2015 with four founding employees, Wintrust Commercial Finance has grown to a staff of 48 people, including the new east region team developed in 2020. read more

Air Lease Delivers New Airbus A321-200neo LR Aircraft to Air Arabia

Air Lease delivered one new Airbus A321-200neo LR aircraft on long-term lease to Air Arabia. This aircraft, featuring CFM International LEAP-1A32 engines, is the sixth of six new A321-200neo LRs to deliver to Air Arabia from Air Lease’s order book with Airbus. read more

Ritchie Bros. Reports Positive Price Performance Across Equipment Categories in Q1

According to Ritchie Bros. Market Trends, which is now updated with new data daily, U.S. truck tractor pricing was up 20% year over year for the three months ending March 31, 2021, while medium earthmoving equipment prices in the United States were up 15%. read more

United Rentals Acquires Franklin Equipment

United Rentals acquired Franklin Equipment, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States. read more

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