News

Centers, Machado Join Sertant Capital as Business Development VPs

Grant Centers and Hank Machado joined Sertant Capital as vice presidents in Business Development. Both will be based in Washington state and report to EVP, Sales and Business Development, Michael Bivins. read more

AED Delivers Industry Priorities to House Infrastructure Committee

At the request of House Transportation & Infrastructure Committee leadership, trade association AED submitted its infrastructure-related policy priorities as the panel develops its public works and highway bills. read more

CIT Leads $425MM Senior Credit Facility for AdaptHealth

CIT Group’s Healthcare Finance business led a $425 million senior credit facility on behalf of AdaptHealth, the latest in a series of CIT-led financings that have supported the company’s growth trajectory. read more

Ritchie Bros., Gordon Brothers to Sell Welded Construction Assets

Asset manager Ritchie Bros. and advisory and restructuring company Gordon Brothers received bankruptcy court approval to purchase the assets of pipeline builder Welded Construction. read more

Onset Financial’s Finlinson Named Corporate Counsel Honoree

Utah Business named OnSet Financial’s general counsel Scott Finlinson a Corporate Counsel Honoree. The awards honor Utah’s standout corporate counsel for the critical roles they play in making their companies successful. read more

Amerisource Closes $1MM Facility for Transport Company

Amerisource Business Capital closed and funded a $1 million credit facility for a transportation company based in Oklahoma. read more

CIT Arranges $40MM Secured Facility for MPC Container Ships

CIT Group’s Maritime Finance business served as sole lead arranger on a $40 million senior secured credit facility for MPC Container Ships, a provider in the feeder container ship market segment. read more

Celadon Group to Pay $42.2MM in Restitution for Securities Fraud

Trucking company Celadon Group agreed to pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records and accounts. read more

LendingTree Reports Consolidated Revenue of $262.4MM in Q1/2019

LendingTree reported its results for the quarter ended March 31, 2019, including a record consolidated revenue of $262.4 million, up 45% over Q1/2018. read more

Conference Board: Strong Q1/2019 Obscures Signs of Slower Economy

The U.S. Bureau of Economic Analysis reported 3.2% annualized growth in real Gross Domestic Product for Q1/2019. But based on the slowing trend in consumption and non-residential investment growth, the U.S. economy is expected to grow only at 2.5% in Q2, according to The Conference Board. read more

U.S. Trailer Orders Drop 48% Y/Y in March, 36% YTD

U.S. trailer order volume came in below previous year volume for the fourth straight month in March, but OEMs still booked nearly 16,000 net orders during the month, according the latest ACT Research State of the Industry: U.S. Trailer Report. read more

Textainer Issues $350MM Asset Backed Financing to International Buyers

Textainer Marine Containers VII Limited, a subsidiary of Textainer Group Holdings, a global lessor of intermodal containers, issued $350 million in fixed rate asset backed notes to qualified institutional buyers and non-U.S. persons. read more

SQN Provides $10MM Lease to Oil Platform Services Company

SQN Capital Management provided a $10 million equipment lease to a 45-year-old, Gulf states-based offshore platform commercial services company. read more

ACT: Used Truck Prices Fall 5% M/M in March, Rise 10% YTD

The average price of total used Class 8 trucks in March was down 5% month-over-month, but remained 10% higher year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. read more

ApplePie to Provide $20MM in Financing to Grease Monkey Franchisees

Grease Monkey International is working with ApplePie Capital to offer new and existing franchisees access to up to $20 million in debt capital to drive continued expansion across the U.S. read more

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Terry Mulreany
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