News

Maritime Partners Closes $600MM Amended Warehouse Financing

Maritime Partners closed a $600 million warehouse facility between several subsidiaries of one of its managed funds and a syndicate of lenders led by ATLAS Securitized Products Holdings. read more

BlueShore Financial Names Thomas President and CEO

Ian Thomas was named president and CEO of BlueShore Financial, effective Nov. 14, 2023. read more

ACT Research: Inflection Point in Freight Market Balance

The latest release of ACT Research’s “For-Hire Trucking Index” suggests an approaching turning point in the freight cycle, but perhaps not as quickly as for-hire fleets would prefer. read more

Moritt Hock & Hamroff Attorneys Named to New York Metro Super Lawyers and Rising Stars Lists

Dozens of Moritt Hock & Hamroff lawyers were named New York Metro Super Lawyers and New York Metro Rising Stars. read more

Voorhees of The Alta Group to Lead Discussion on Climate Equipment Finance at ELFA’s Annual Convention

Patricia Voorhees, a director with The Alta Group, will lead a panel discussion on the rapidly developing climate finance market at the Equipment Leasing and Finance Association’s 62nd annual convention, which will be held Oct. 22-24 in Phoenix. read more

PerCina Report Launches Equipment Value Forecaster

PerCina Report released its Equipment Value Forecaster, a solution for the leasing and lending industries, as well as other parties interested in the future value of equipment. read more

Large Corporate Bankruptcy Filings Surged in First Half of 2023

The increase in large corporate bankruptcies in the first half of 2023 marked a reversal from a gradual decline in filings since the start of 2021, according to a report by Cornerstone Research. read more

ELFA to Recognize 29 Companies on ‘Membership Milestone Walk of Fame’ at Annual Convention

The Equipment Leasing and Finance Association will recognize 29 companies for their membership longevity and commitment to the association at its upcoming annual convention, which will be held Oct. 22-24 in Phoenix.   read more

Most Small Business Owners Feel Successful but Admit to Sacrificing Personal Lives

Most U.S. small business owners feel successful, driven by purpose and fulfilled by their work, but more than half are sacrificing time and relationships with loved ones for the sake of their business, according to a new U.S. Bank survey. read more

ECN Capital and Skyline Champion Form Captive Retail Finance Company

ECN Capital and Skyline Champion Corporation closed a previously announced private placement transaction. In connection with the private placement, the companies formed Champion Financing, a captive retail finance company. read more

Maritime Partners Acquires U.S. Marine Management

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, announces that one of its managed funds acquired Norfolk, VA-based U.S. Marine Management from Maersk Line. read more

Surf Air Mobility Confirms Order for First 20 Cessna Grand Caravan EX Aircraft from Textron Aviation

Textron Aviation announced that Surf Air Mobility confirmed its order and paid the deposit for the first 20 Cessna Grand Caravan EX aircraft to be purchased under its previously announced initial fleet order of up to 100 aircraft with options for 50 additional aircraft. read more

PEAC Solutions Promotes Sting to President of the Americas

PEAC Solutions promoted Greg Sting to president of the Americas. Sting will oversee all aspects of PEAC Solutions’ operations in the Americas, including credit, booking, sales support, customer care, collections, asset management and more. read more

ELFA’s Monthly Leasing and Finance Index Shows 14% Y/Y Increase in August New Business Volume

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed overall new business volume for August was $10.1 billion, up 14% year over year from new business volume in August 2022. read more

Alfa Commits to Achieve Net-Zero Emissions by 2030

Alfa, provider of Alfa Systems, has received validation for its science-based targets and reaffirmed its commitment to achieve net-zero emissions by 2030. read more

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