News

IDScloud Crosses $25B NAV Milestone Since Launch in 2018

IDS’ software-as-a-service (SaaS) platform, IDScloud, marked its two-year anniversary recently with 21 customers representing more than $25 billion of net asset value (NAV) contracted to the service. read more

Stonebriar Closes $11MM Term Loan for QSR Restaurant Acquisition

Stonebriar Commercial Finance closed a $11 million term loan supporting the acquisition of nine franchised Quick Service Restaurants. read more

ELFA Software Guide Highlights Six Pandemic Tech Trends

The 2020 ELFA Software Guide showcases software solutions to help equipment finance companies compete in the new digital frontier. read more

AdaptHealth Closes $487MM Acquisition of Solara and ActivStyle

AdaptHealth closed acquisitions of Solara Medical Supplies and ActivStyle for a combined total consideration of approximately $487 million. read more

Dow Sells $310MM in Rail Infrastructure Assets to Watco

Dow sold its rail infrastructure assets to Watco at six major sites, including Plaquemine and St. Charles, LA; Freeport and Seadrift, TX; and Ft. Saskatchewan and Prentiss in Alberta, Canada. read more

ISM: Non-Manufacturing Grows in June; NMI at 57.1%

Economic activity in the non-manufacturing sector grew in June after two consecutive months of contraction, according to the latest ISM Report On Business. read more

Government Leasing Closes $2.7MM in Federal Agency Equipment Leases

Government Leasing closed $2.7 million in equipment leases for the Department of Navy and the Army Corps of Engineers. read more

ABI: Commercial Chapter 11 Filings Up 26% Y/Y, Bankruptcy Filings Down 23% in H1/20

The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq. read more

CANGO Launches Fleet Management Solution with Garrett EWS Software

Garrett Motion partnered with CANGO to launch Fleetcare, a new aftermarket fleet management solution that adds Garrett's Early Warning System (EWS) software to CANGO's existing products and solutions. read more

Paceline Equity Partners Buys Railroad MOW Equipment Lessor

Affiliates of Paceline Equity Partners, a Dallas-based private equity manager, acquired R.E.L.A.M., a lessor of railroad maintenance-of-way equipment, as well as Acme Construction and Timiny RR Construction. read more

Triton International Appoints Bexiga to Board of Directors

Triton International appointed Annabelle Bexiga to its board of directors. Bexiga previously served as chief information officer of global commercial insurance at American International Group and also held roles at TIAA, Bain Capital, J.P. Morgan and Deutsche Bank. read more

Encina Provides $20MM Lease Line to Transportation Company

Encina Equipment Finance provided a $20 million equipment lease line to a transportation services company. read more

Alaska Airlines Secures Nearly $1.2B in Debt Financing

Alaska Airlines secured nearly $1.2 billion in private loans to further secure its financial stability and future during the COVID-19 recovery period, while balancing the appropriate amount of liquidity. read more

Onset Financial Founder Nielsen Named a 2020 Top CEO

Utah Business Magazine recognized Justin Nielsen, Onset Financial founder and CEO, as a CEO of the Year. read more

Funds Managed by Apollo and Merx Complete Sale-Leaseback with Delta

Apollo Global Management and Merx Aviation, a global aircraft leasing, management and finance company, completed a sale and leaseback transaction with Delta Air Lines for 10 Airbus A220-100 aircraft. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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