Equitable Completes Strategic Acquisition of Bennington Financial



Equitable Group completed its previously announced acquisition of Bennington Financial Services, a profitable and growing privately owned company serving the brokered equipment leasing market in Canada.

The acquisition supports Equitable’s goal of broadening its reach as Canada’s Challenger Bank, with diversification into an adjacent market that complements its other secured lending businesses and broker-led distribution model. The transaction will allow Bennington to enhance its competitive positioning using Equitable’s Challenger Bank platform and access to cost-effective funding sources.

Equitable Group Inc. will report its results on a consolidated basis beginning in Q1/19.

Bennington, founded in Oakville in 1996, serves the equipment finance industry in Canada in partnership with an extensive network of independent leasing brokers.

Equitable Group Inc. is a growing Canadian financial services business that operates through its wholly-owned subsidiary, Equitable Bank.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com