News

Key Equipment Finance Promotes Stickney to VP, National Marine Specialist

Key Equipment Finance promoted Tim Stickney to vice president and national marine specialist. In this role, Stickney will be responsible for identifying, developing and closing equipment financing relationships within the marine industry. read more

Slattery to Step Down as CEO of Avolon, Cronin Named Replacement

Dómhnal Slattery, CEO of Avolon, an international aircraft leasing company, will step down from his executive role and the company’s board in 2022. In response, Avolon’s board unanimously appointed Andy Cronin, Avolon’s current president and CFO, to the role of CEO designate. read more

Marlin Leasing to Rebrand as PEAC Solutions Following HPS Investment Partners Acquisition

Following the completion of its acquisition by HPS Investment Partners earlier this year, Marlin Leasing will be rebranded as PEAC Solutions, folding it into the greater PEAC family of companies, which has more than $5.1 billion in combined balance sheet lease assets. read more

Ritchie Bros. Generates More Than $59MM in Latest Auction in Fort Worth, TX

Ritchie Bros. sold more than 4,200 equipment items in its latest auction in Fort Worth, TX, generating more than $59 million in gross transaction value and attracting more than 11,500 bidders. read more

ACT Research: US Trailer Order Placement Continues to Be Choppy

According to ACT Research’s latest State of the Industry: U.S. Trailer Report, June net U.S. trailer orders of 25,444 units were 31% higher compared with May and nearly 122% above June 2021 levels. read more

SLR Equipment Finance Adds Priolo as VP of Business Development

Gianna Priolo joined SLR Equipment Finance as a vice president of business development. Priolo was most recently with DLL and has years of account development, client relations and client focus experience. read more

Quality Leasing Reports 95% Y/Y Increase in Funding Volume in H1/22

Quality Leasing posted a 95% year-over-year increase in funding volume for the first half of 2022. Additionally, the company’s number of funded transactions grew by 50% in the same period and its average contract size rose by 30% to more than $100,000. read more

ABLE Equipment Rental Acquires Extreme Rentals

ABLE Equipment Rental of New York, a supplier of construction equipment rentals, sales, service and parts, acquired the equipment rental assets and service operations of Extreme Rentals USA of Manassas, VA. read more

JetCraft Appoints Jasper and Long Sales Executives

Jetcraft, the international business in jet sales and acquisitions, appointed of Preston Jasper and Derek Long as sales executives in the United States. Jasper and Long has nearly 20 years of combined experience in business aviation and financial services. read more

Griffin Global to Purchase and Leaseback of 3 Airbus A320-200neo Aircraft with Viva

Griffin Global Asset Management agreed to purchase and leaseback three Airbus A320-200neo aircraft with Viva, a low-cost carrier in the Latin America region. The three aircraft are scheduled to deliver in the first half of 2023. read more

Pittco Partners with 1819 Partners and EquipmentShare to Rent and Resell Equipment

Pittco Management partnered with 1819 Partners to establish Crockett Partners Fund I, which was formed to own, rent and resell construction and industrial equipment. Crockett Partners Fund I will place its equipment on EquipmentShare's equipment ownership platform. read more

Ryder Named Top Green Supply Chain Partner by Inbound Logistics

Ryder, a supply chain, transportation and fleet management solutions company, was named a “Green Supply Chain Partner” in the annual Inbound Logistics “G75” special section for the 14th consecutive year. read more

ACT Research Reports More Capacity and Less Volume in June

According to the latest release of ACT Research’s for-hire trucking index, volume and pricing is down, with capacity still on the high side, resulting in a lower supply-demand balance in June. read more

Eastern Bank Adds Spurr as Commercial Relationship Manager for Security Alarm Lending

Greg Spurr joined Eastern Bank as a senior vice president and commercial relationship manager in the company’s commercial banking division specializing in security alarm lending. read more

AP Equipment Financing Launches CLFP Prep Program, Adds 10 New CLFPs

Through its newly established Certified Lease & Finance Professional prep program, AP Equipment Financing has added 10 new CLFPs this year. With this new class of CLFPs, AP Equipment Financing now has 25 employees with the CLFP designation, representing 25% of the company. read more

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