News

Orion First Welcomes Riggs to the Business Development Team

Orion First hired Kim Riggs, formerly vice president of Business Development at Snap Advances, as a member of its business development team. read more

Onset Financial Hires Veteran Sales Specialist Shoemaker

Onset Financial hired Holly Shoemaker as a vice president of Sales. Shoemaker brings more than 20 years of experience to the Onset Team. read more

Verdant Selects Ivory’s SuperTRUMP to Support Lease Pricing

Verdant Commercial Capital selected Ivory Consulting’s SuperTRUMP solution to support the modeling and pricing of the after-tax and renewable-energy leases the company structures for its customers. read more

Education Grants Available for Equipment Finance Professionals

The Chris Walker Education Fund Board of Trustees is now accepting grant requests until the application deadline of January 31, 2019. read more

Wintrust CEO Phillips Elected to ELFA Steering Committee

Kirk S. Phillips, president and CEO of Wintrust Commercial Finance, has been selected to serve as chairman on the ELFA Financial Institutions Business Council Steering Committee. read more

ACT: North American Commercial Vehicle Production Continues to Grow

Class 8 production is expected to continue its growth trend into 2019, but changes in demand for straight trucks and tractors will impact the type of diesel engines ordered, according to ACT Research. read more

Wintrust Commercial Finance Adds Crompton to Capital Markets Team

Wintrust Commercial Finance announced that Andre Crompton joined the company’s Capital Markets group, serving as senior vice president of Indirect Originations. read more

Equitable Group to Acquire Bennington Financial Equipment Finance Co

Equitable Group reached an agreement to acquire Bennington Financial Services, a profitable and growing privately owned company serving the brokered equipment leasing market in Canada. read more

Police Search Deutsche Board’s Offices on Money Laundering Allegations

Reuters reported that police searched the offices of all Deutsche Bank board members in connection with allegations linked to the Panama Papers. read more

United Rentals Completes Acquisition of WesternOne Rentals & Sales

United Rentals announced that United Rentals of Canada completed the previously announced acquisition of WesternOne Rentals & Sales for a cash purchase price of approximately $90.4 million (C$120.0 million). read more

Sage Intacct and iLeasePro Announce Major Integration Enhancement

iLease Management announced a major step forward in its strategic partnership and integration with Sage Intacct, which will enable the tracking and reporting of lease related financial and operational data. read more

ATA Urges Congress to Quickly Ratify USMCA Trade Pact

ATA President and CEO Chris Spear issued a statement after leaders of the U.S., Canada and Mexico signed the USMCA trade pact during the G-20 Summit in Argentina, urging Congress to ratify the agreement. read more

Utica Provides $3MM in Financing to Two Clients

Utica Leaseco completed two transactions totaling $3 million during the last week of November 2018. read more

Platinum Risk Advisors Launches 10-Minute Outsourced CECL Solution

Platinum Risk Advisors announced the launch of Loan Portfolio Analytics, an outsourced solution to assist banks and credit unions in complying with the Current Expected Credit Loss accounting standard. read more

Embraer CEO Slattery Calls on Lessors to Review Fleet Strategies

Embraer President & CEO John Slattery called on lessors and airlines to right-size their fleet strategies, saying lessors have been building market share at “seemingly any cost”. read more

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Terry Mulreany
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