News

H&E Equipment Services Acquires California-Based Equipment Provider

Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. read more

TomorrowZone and Tamarack Partner to Advance New Tech Adoption in Equipment Finance

TomorrowZone and Tamarack Technology entered into a partnership to collaborate on programs and initiatives with the intent of advancing innovation and the adoption of new technology with customers in the equipment finance industry. read more

Amembal to Host Free Webinar on Benefits of Leasing with Focus on FMV Leases

Sudhir Amembal, chairman and CEO of Amembal & Halladay, will be conducting a free webinar on Nov. 14 at 9 a.m. PT entitled "The 30 Extraordinary Benefits of Leasing." The webinar will have a specific focus on the benefits of the fair market value lease. read more

Mitsubishi HC Capital America Expands Franchise Finance Division

Mitsubishi HC Capital America is expanding its franchise finance division to leverage new growth opportunities, particularly by extending its current reach into brick-and-mortar franchises in the health and wellness, recovery and sports performance sectors. read more

Aviation Capital Group Appoints Pons Managing Director of Aircraft Financing Solutions

Vicente Alava Pons joined Aviation Capital Group as a managing director on its aircraft financing solutions team. Pons has more than 27 years of experience in aircraft financing with organizations like DVB Bank, MUFG Bank and LR AirFinance. read more

Solifi Releases New Features for Equipment Finance Offerings

Solifi unveiled the latest product releases for its Solifi Originations ROS and Portfolio Management ILS solutions for equipment finance. The new software releases provide enhancements to business management, efficiency and compliance. read more

Equipment Finance Cares Announces Details About November Arizona Event

Equipment Finance Cares will hold its next event on Nov. 15 from 1:30 to 7 p.m. PT in Scottsdale, AZ. Ascentium Capital is serving as host for the event. read more

Longtime First Citizens Board Member Keels Passes Away

Floyd Keels, a longtime member of First Citizens Bank’s board of directors, passed away. The former president and CEO of Santee Electric Cooperative, Keels served on the board since 2014. read more

IDC Forecasts AI Software Revenue to Surpass $250B by 2027

According to a recent forecast from International Data Corporation, the worldwide artificial intelligence software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate of 31.4%. read more

CAN Capital Appoints Irwin CFO

CAN Capital appointed Richard G. Irwin CFO. Irwin has been in senior financial leadership positions for the past decade and has been in the financial industry for the past 30 years. read more

Chesswood and Wafra Partner to Invest in Equipment Finance Leases

Chesswood Group formed a joint venture partnership with Wafra to invest in equipment finance leases and loans originated by Chesswood subsidiaries Pawnee Leasing and Tandem Finance, targeting up to $1 billion in total acquisitions. read more

KBRA Rates Channel Partners Capital’s Latest Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by CP EF Asset Securitization II, LLC, Series 2023-1 (CPEF 2023-1), an equipment ABS transaction from Channel Partners Capital. read more

Gordon Brothers Selects Ivory Consulting Software to Model and Price Financing Offerings

Gordon Brothers selected Ivory Consulting’s SuperTRUMP platform to model and price its tax and non-tax financing solutions, which encompass offerings like operating leases, direct finance leases, sale/leasebacks and vendor financing. read more

KeyBanc Capital Markets Appoints Rechkemmer to Lead Native American Financial Services

KeyBanc Capital Markets appointed Ben Rechkemmer to head of Native American Financial Services (NASF). Previously, Rechkemmer was a relationship manager with the NAFS team over his 19 years at Key. read more

Air Lease Announces Lease Placement of Boeing 737-8 Aircraft with LOT Polish Airlines

Air Lease announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to be delivered to LOT in mid-2024. read more

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