News

Lamb Joins Sertant Capital as CFO

David L. Lamb joined Sertant Captial as senior vice president, chief financial officer. He will be based out of Sertant’s Utah office and report to CEO Dan Krajewski. read more

Corcentric Completes Acquisition of Determine Cloud Platform

Corcentric completed its purchase of substantially all of the assets of Determine, a provider of global source-to-pay and enterprise contract lifecycle management solutions. read more

Wells Fargo Agents $302.7MM+ ABS Transaction for CCG

Independent commercial equipment finance company Commercial Credit Group closed a 144a privately-placed term asset-backed security transaction. Wells Fargo served as structuring agent and lead bookrunner on the $302.732 million financing. read more

Ritchie Bros. Appoints Jeter, Taylor to Executive Roles in North America

Ritchie Bros. named Jeff Jeter president, Upstream & Emerging Businesses, North America and Kari Taylor chief sales officer, U.S. Regions, as part of an organizational realignment in North America. read more

Fleet Advantage Recognizes Two New CTP Accredited Professionals

Fleet Advantage recognized Zachary Lawson, vice president of Strategic Fleet Solutions, and Ezel “CJ” Baltali, purchasing manager, for receiving their 2019 NPTC Certified Transportation Professional accreditation. read more

Rinaldi Relaunches Legends/Pioneers Video Series, Diversions Blog

Industry veteran Bob Rinaldi, president of Bob Rinaldi, relaunched his popular streaming video interview series of pioneers and legends of the equipment finance industry under the “Leasing Avenues” section of his blog. read more

Ritchie Bros.’ to Sell 10,900+ Items in Annual Canadian Auction

From April 30 through May 4 in Edmonton, Canada, Ritchie Bros. will host its annual spring auction, featuring equipment from hundreds of companies across Western Canada. read more

Signature Bank Forms National Venture Banking Group

Signature Bank has formed a national Venture Banking Group to focus on serving venture capital firms and the portfolio companies in which they invest. read more

Well Fargo Q1/19 C&I Interest Income Up 23%; Lease Financing Yields Drop Y/Y

Wells Fargo reported Q1/19 earnings of $5.9 billion was up from $5.1 billion a year earlier. C&I interest income was also up 23 percent compared to a year earlier while lease financing interest income and yields were down from Q1/18. read more

ConnectOne to Acquire Online Business Marketplace, BoeFly

ConnectOne Bancorp entered into an asset purchase and assumption agreement with BoeFly, an online business lending marketplace. read more

GM Talks With Amazon-Backed Electric Truckmaker Stall

Bloomberg reported talks between General Motors and electric-vehicle startup Rivian Automotive about the largest U.S. carmaker buying an equity stake have reached a stalemate. read more

For-Hire Trucking Industry Conditions Ticked Up in March

The latest release of ACT Research’s For-Hire Trucking Index showed an uptick in volume, pricing, and productivity. read more

PNC Reports Higher Y/Y Earnings; Meets Analysts Expectations

PNC Reported Q1/19 net income of $1.27 billion was up from $1.24 billion for the same quarter a year earlier. Earnings per share of $2.61 met analysts’ estimates. read more

Air Lease To Deliver First of Six New Airbus A321-200neo LR Aircraft To Air Arabia

Air Lease  will deliver one new Airbus A321-200neo LR aircraft on long-term lease to Air Arabia. Featuring CFM International LEAP-1A engines, this is the first of six A321-200neo LRs scheduled to deliver to Air Arabia through 2020 from ALC’s order book with Airbus. read more

Former ELFA Chairman Rick Wolfert Passes

Frederick “Rick” Eugene Wolfert, 64, of Greensboro, GA passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro. read more

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Terry Mulreany
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