News

Corcentric Names Sparks, Thorne to VPs of Sales

Corcentric named Joseph Sparks and Tanner J. Thorne vice presidents of Sales, Capital Equipment Solutions. Sparks will have responsibility for the Western U.S. region and Thorne for the Midwest. read more

Great American Promotes Kim to Managing Director of Appraisals

Great American Group Advisory & Valuation Services promoted Jennie Kim to managing director of the firm's appraisal business. read more

Stonebriar Closes $35MM Equipment Lease for Oil & Gas Company

Stonebriar Commercial Finance closed a $35 million equipment sale and leaseback with a private equity-owned oil and gas midstream company that provides gathering and processing services to exploration and production customers. read more

CDB Aviation Leases Four E190 Aircraft to Mongolian Carrier Hunnu Air

CDB Aviation, the wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed a lease agreement with a Mongolian domestic airline Hunnu Air for a fleet of four Embraer E-190 aircraft. read more

Reich Bros to Provide $30MM Financing to Cannabis Cultivator Flower One

Reich Bros Commercial Finance signed a master lease agreement with cannabis cultivator Flower One Holdings for lease financing of up to $30 million. read more

ELFF Study Examines Role of Independents in Equipment Financing Industry

"Independents: Banking on the Non-Banks," a new study released today by the ELFF, addresses questions about this critical source of equipment finance, such as how independents create value and differentiate themselves from competitors. read more

People’s United Receives Greenwich Assoc Award for Middle Market Banking

Greenwich Associates presented People's United Bank with seven awards, including a Greenwich Best Brand – Trust award. read more

ACT: Yellow Lights Continue to Flash for Economy & NA CV Industry

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, yellow lights continue to flash for the US economy and, by extension, for the North American commercial vehicle industry. read more

Avolon Signs up for Rolls-Royce Lifekey Asset Management System

Aircraft leasing company Avolon became a new customer of LifeKey, a component of Rolls-Royce’s LessorCare asset management offering which provides a single, comprehensive agreement for all Trent engine types. read more

Watrefall, TRP Make Strategic Investment in Flex Fleet Rental

Flex Fleet Rental completed a strategic transaction with Waterfall Asset Management’s private equity platform and TRP Capital Partners, a transportation-focused private equity firm. read more

Teichert Becomes Beta Participant on Ironworks Cost Management System

Teichert Construction entered an agreement with Ironworks to serve as the first beta program participant for Ironworks’ comprehensive, cloud-based equipment cost management system for infrastructure contractors, the first of its kind in the world. read more

Air Lease Places Four New Boeing 737 MAX 8s with Caribbean Airlines

Air Lease entered long-term lease agreements with Caribbean Airlines for four new Boeing 737 MAX 8 aircraft, scheduled to deliver to the airline starting in the fourth quarter of 2019 through 2020. read more

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

UniFI Promotes Dailey to Portfolio Services Manager

UniFi Equipment Finance promoted Julie Dailey to portfolio services manager. She will report directly to Credit and Portfolio Management Tony McHugh. read more

Crestmark Provides $36.4MM+ in Financing in H2/January 2019

Crestmark provided $36.4 million in financing in the second half of January 2019, including $6.25 million in ABL financial solutions for six new clients. read more

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Terry Mulreany
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