Coast Capital Equipment Finance (CCEF), a subsidiary of Coast Capital Savings, and Travelers Financial (TFC) announced the assets of the prime equipment and vehicle finance business of TFC are now part of the Coast Capital Group of Companies.

The consolidated equipment finance business of Coast will be carried out under CCEF and two new entities, Travelers Finance and Travelers Leasing.

The combination will help strengthen offerings, diversify origination channels, and add new technology for faster service to customers. The day-to-day operations will remain business-as-usual with no significant changes for customers, staff or leadership of each company.

“By joining forces we are drawing on each organization’s natural strengths to create something truly special,” said Tracy Redies, Coast Capital’s president and CEO. “It is good for us as an organization, good for our customers and certainly good for the marketplace as we have industry leading expertise and the ability to go out with superior offerings.”

Canada-based TCF offers a wide range of assets-based financing solutions to commercial and industrial sectors

Coast Capital Savings, directly and through CCEF, offers commercial and industrial equipment leasing and financing to companies located from British Columbia to Ontario, Canada.