News

Top Five Construction Equipment Lenders Account for 75.9% of May Total

The top 20 lenders in the segment, in the aggregate, completed a total of 6,834 new construction equipment related filings during the month of May 2018. read more

Crestmark Closes $38.1MM in 22 Transactions in H2/June

Crestmark secured a total of $38.11 million in financial solutions in 22 transactions for 21 new clients in the second half of June 2018. read more

Volvo Financial Services USA Re-Certified as a ‘Great Place to Work’

Volvo Financial Services USA was re-certified as a Great Place to Work by the Great Place to Work Institute, a global authority on high-trust, high-performance workplace cultures. read more

June CMI Blip Shouldn’t Discourage Credit Managers

Credit professionals reported a slowdown in new, overall credit applications in the June 2018 economic report from the National Association of Credit Management. read more

United Rentals Acquires BakerCorp for $715MM

United Rentals and BakerCorp entered into a definitive agreement under which United Rentals will acquire BakerCorp for approximately $715 million in cash. read more

Monitor to Observe July 4th Holiday

The Monitor and monitordaily.com office will be closed on Wednesday, July 4 in observance of Independence Day. We will return on Thursday, July 5 to bring you our coverage of the equipment finance industry. read more

LCI Places First Helicopters in China with Multi AW139 EMS Lease

Lease Corporation International, the aviation division of the Libra Group, placed three new Leonardo AW139 aircraft with Shanghai Kingwing Aviation. This marks LCI’s first helicopter lease in China. read more

ACT: Used Truck Prices Strong in May, Equipment Supply Remains Tight

Used truck sales volumes rose 12% on a year-to-date basis compared to the same period in 2017, according to ACT Research. read more

Top Five Lenders Account for 65.3% of New Equipment Filings in May

The top 20 lenders in the industry, in the aggregate, filed financing statements covering a total of 21,156 equipment related filings during the month of May 2018. read more

Pawnee Leasing Adds New Regional Business Development Rep

Pawnee Leasing named Nate Landsgaard an additional business development representative. Landsgaard has served as a credit analyst for Pawnee since 2016. read more

First Tennessee Franchise Finance Leads Financing for Wendy’s Franchisee

First Tennessee Bank’s Franchise Finance business led a $120 million credit facility for Wendelta Property Holdings, an affiliate of a Wendy’s franchisee that owns and operates 150 Wendy’s restaurants. read more

Hilco Acquires Edward Bros. Equipment for Auction

Hilco Industrial and Hilco Receivables acquired the assets of the Edwards Brothers Malloy Printing Company. The deal was a joint venture between Hilco Global, The Branford Group and North East Printing Machinery. read more

Material Handling Equipment Rental Market to Grow 4.12% by 2022

According to a report from ResearchAndMarkets, the global short-term material handling equipment rental market will grow at a CAGR of 4.12% from 2018 to 2022. read more

Hitachi Capital UK Acquires Franchise Finance

Hitachi Capital UK acquired Franchise Finance, a specialist financial services provider to the franchising industry. read more

Durable Goods Orders Decrease 0.6% in May

The U.S. Census Bureau reported new orders for manufactured durable goods in May decreased $1.4 billion or 0.6% to $248.8 billion. read more

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Terry Mulreany
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