News

ACT Research: NA Class 8 Orders Decline Y/Y in January

Preliminary North America Class 8 net order data show the industry booked 15,800 units in January, down 26% from December and 68% from year-ago January, according to the latest numbers from ACT Research. read more

Farm Equipment Outlook Anticipates Further Growth of $32.7B by 2025

The farm equipment market is projected to grow at a CAGR of 4.04% to reach a market size of $135.2 billion by 2025 compared to $102.5 billion in 2018, according to the “Farm Equipment Market Global Forecast to 2025” report. read more

Linedata Releases New Version of Capitalstream with Mobile Data App

Linedata released the latest version of Capitalstream, a commercial loan origination and risk management solution. The update included new features to address evolving business needs and improve the user experience. read more

GE Transportation to be Spun Off, Merged with Wabtec

GE has set a record date of February 14, 2019 for the spin-off of Transportation Systems Holdings, which will hold a portion of GE Transportation and be subsequently merged with a Wabtec subsidiary. read more

H&E Equipment Completes Acquisition of We-Rent-It

H&E Equipment Services completed its acquisition of We-Rent-It, a non-residential construction-focused equipment rental company in Texas. read more

Harris Williams Advises Subscription Box graze on Sale to Unilever

Investment bank and M&A advisory specialist Harris Williams advised Nature Delivered (d/b/a graze), a portfolio company of Carlyle Europe Technology Partners, on its sale to Unilever. read more

Wells Fargo EF Names Sale Lead, Automotive & Aerospace Division

Wells Fargo Equipment Finance hired Geoffrey Sale as division sales manager on its Automotive and Aerospace team as. Based in Detroit, Sale will report to John Crum, WFEF Construction national sales manager. read more

Maudlin Joins Wintrust Specialty Finance as Chief Credit Officer

Wintrust Specialty Finance hired Chris Maudlin as senior vice president and chief credit officer and Nick Gibbens as vice president of business development. Both join a national team led by David Normandin, president and CEO. read more

Paynet: Main Street Lending Slows in December

PayNet's Small Business Lending Index decreased 9.7% on a monthly basis in December. Compared to its year-ago level, the index fell 7.0% — its first year-over-year decline since September 2017. read more

Legal & General Provides $260MM to Support UK Transport Infrastructure

Legal & General provide £200 million ($260 million) in long-term debt financing to support the purchase of new rolling stock for the Wales & Borders franchise by Equitix and SMBC. read more

ISM: Manufacturing Activity Expands in January 2019

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 117th consecutive month. read more

Former BNY Mellow Legal Exec Goldenberg Joins Reed Smith

Robert Goldenberg joined Reed Smith as counsel in the law firm’s Financial Industry Group. read more

Law Firm Morrison & Foerster Opens Boston Office

Law firm Morrison & Foerster opened an office in Boston to further extend its technology and life sciences capabilities. The move also expanded the firm’s Finance and Emerging Companies and Venture Capital practices. read more

TrueNoord Leases Five New ATR 72-600s to IndiGo

Regional aircraft lessor TrueNoord leased five new ATR 72-600s to InterGlobe Aviation Limited (IndiGo). read more

Key Equipment Finance Promotes Taylor to Group Head of Capital Markets

Key Equipment Finance promoted Matt Taylor to managing director and group head of Key Equipment Finance capital markets. In his new role, Taylor will be responsible for leading the capital markets team, while continuing to manage syndication activities for specialty finance lending. read more

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Terry Mulreany
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