Kroll Bond Ratings agency expects that ECN Capital’s acquisition of Triad Financial Services will be neutral to ECN’s ratings. KBRA also noted that this transaction will help to further diversify revenue and has healthy growth potential in terms of origination and revenue generation. Moreover, ECN, with C$4.57 billion ($3.56 million) in total assets as of June 30, 2017, is an experienced acquirer with strict requirements for strategic opportunities. Additionally, the impact of the transaction on ECN’s leverage will be nominal.
Monitor’s Top 25 Independents fared well in 2017, reaching a new record of $6.5 billion, thanks to a 12% year-over-year increase. But even the best years come with challenges. “Ascentium Capital’s growth has been very rapid over the last six... read more
First let me say “congratulations” to my colleague and Monitor author Bill Bosco on his retirement. It’s been a privilege to know Bill and to work with him for more than 25 years, and I hope that I can fill... read more