News

ELFA Releases Details About 2024 Legal Forum

The Equipment Leasing and Finance Association released the agenda for its 2024 Legal Forum and recognized the members who are serving on its 2024 legal committee. The forum will be held from May 5 to May 7 and offered both in-person in Scottsdale, AZ and virtually at a discounted rate. read more

Alfa Introduces Sustainability, the Third Pillar of Alfa Systems 6

Alfa, a provider of technology for the equipment finance industry, released Sustainability, the third of six releases that make up Alfa Systems 6, the latest iteration of the company's Alfa Systems software platform. read more

Traction Capital and Leasing Expands Scope to Provide Financing to Multiple Sectors

Traction Capital and Leasing is expanding beyond the transportation industry, now extending its financing expertise to an array of sectors, including construction, industrial, agriculture, logging, manufacturing, healthcare, hospitality/restaurant, vendor finance and IT. read more

Hilco Global Adds Founder of Kirkland Restructuring Group as Vice Chairman

James H. M. Sprayregen, a veteran of the restructuring, corporate reorganization and the M&A community, will join Hilco Global as a vice chairman. Sprayregen is joining Hilco Global from Kirkland & Ellis, where he was the founder of the Kirkland Restructuring Group.  read more

Hitachi and Penske Truck Leasing Launch Large-Scale Electric Truck Charging Pilot Program

Hitachi America, Hitachi Energy and Penske Truck Leasing launched a large-scale, centralized electric truck charging solution to support Penske’s electric truck deployments for its customers in the Stockton, CA, area. read more

WebBank Promotes Stanford to EVP and CFO

WebBank promoted Steve Stanford to executive vice president and CFO. During his nearly 17-year tenure at the bank, Stanford has held positions with increasing levels of responsibility, most recently serving as senior vice president and CFO. read more

Passionate Change Agent Comeaux Added to Converge 2024 Panel

Ellen Comeaux, who recently retired from her role as senior vice president and commercial division leader at EverBank, is the newest addition to Converge 2024’s panel. Other panelists include Bill Verhelle of QuickFi, Mike Jones of First Citizens Bank, Kelly Furia of DLL and Peter Hinssen, Converge 2024’s keynote speaker. read more

Equipment Leasing & Finance Foundation Celebrates Inaugural Equipment Finance Course at ASU

The Equipment Leasing & Finance Foundation celebrated a milestone in its new partnership with the W. P. Carey School of Business at Arizona State University in developing a first-of-its-kind equipment finance course curriculum. Twenty-four students are registered for the inaugural spring semester elective course focused on credit analysis and equipment leasing.  read more

Accord Financial Amends Primary Credit Facility to Reduce Limit to $300MM

Accord Financial entered into amendments to its primary credit facility with its banking syndicate, with the facility limit reduced from $375 million to $300 million. The facility will be reduced further to $260 million by January 2025. read more

Med One Group Partners with iMedical to Deliver Medical Equipment Solutions to Hospitals

Med One Group, a provider of medical equipment rental, leasing and sales solutions, entered a partnership with iMedical Equipment & Service, dba iMedical Healthcare Solutions, to provide hospitals with a single-source solution for all their equipment needs. read more

Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more

Seward & Kissel Adds Hewitt to Global Banking and Corporate Trust Group

Ronald A. Hewitt, who formerly worked for Covington & Burling, joined Seward & Kissel’s New York office as a partner in the global banking and corporate trust group. read more

GATX-Subsidiary Trifleet Leasing Promotes Pol to Managing Director

Tank container leasing company Trifleet Leasing, a wholly-owned subsidiary of Chicago-based GATX, promoted Robin Pol to managing director. Pol most recently served as director of commercial, global accounts and strategy for the company. read more

Comerica Bank Names Maiden Group Manager of Business Banking in Southern Dallas

Comerica Bank named Tim Maiden senior vice president and group manager for its southern Dallas business banking team. Previously, Maiden was a senior vice president and director of market development for Simmons Bank. read more

AACFB Announces Scholarship Winners

The American Association of Commercial Finance Brokers announced the first place and runner-up recipients of the of the 2024 AACFB Scholarship. read more

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