McGrath Acquires Brekke Storage

McGrath RentCorp, a business-to-business rental company in North America, acquired the assets of Brekke Storage, a regional provider of portable storage solutions in the Colorado market. read more

Class 8 Truck Orders at 23.6K Units in February, Up 13% Y/Y

According to ACT Research, preliminary North American Class 8 net orders in February were 23,600 units, up 13% year over year and 27% month to month, while Classes 5-7 net orders were 17,500 units. read more

Solifi Report Reveals 84% Growth in Leasing Industry in Last Decade

According to Solifi’s 2023 Global Leasing Report, there was a promising 9.3% increase in new business volume in the leasing industry in 2021. The report also showed the leasing industry has grown 84% in the past decade. read more

Global Jet Capital Earns Positive CreditWatch Status on 2 ABS Transactions

Standard & Poor’s Global Ratings placed the notes issued in two of Global Jet Capital’s asset-backed security transactions on CreditWatch with positive implications. read more

Honour Capital Provides $10MM in Financing to Multi-State Consulting Company

Honour Capital provided $10 million in fair market value financing to a multi-state company that provides consulting services related to real estate, energy, infrastructure and environmental management issues. read more

United Capital Funding and KLC Financial Provide Funding to Printing Company

United Capital Funding Group recently provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, which issued a $275,000 equipment loan to the client. read more

CDB Aviation Completes Deliveries of 5 New 737 MAX 8 Aircraft to Oman Air

CDB Aviation announced the final delivery of a new Boeing 737 MAX 8 aircraft in a series of five deliveries contracted as part of a sale and leaseback transaction with Oman Air, the national airline of the Sultanate of Oman. read more

First Citizens Bank Reaches 125 Years in Business

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year. read more

Used Class 8 Truck Sales Increased 12% Month to Month in January

According to ACT Research, used Class 8 retail volumes (same dealer sales) increased 12% month to month in January. Average mileage increased 8% month to month, with average price down 7% and age up 1%. read more

Medalist Partners Expands with Crawley as Private Credit Sector Manager

Mark Crawley joined Medalist Partners, an alternative investment management firm focused on asset-based private credit and structured credit, as a private credit sector manager. read more

Navitas Credit Promotes Bruman to CEO

United Community Banks promoted Mike Bruman to CEO of its subsidiary, Navitas Credit. Bruman is succeeding Navitas founder and CEO Gary Shivers, who officially retired on Feb. 28. read more

Verdant Commercial Capital Increased Originations by 42% in 2022

Verdant Commercial Capital recorded $551 million in originations in 2022, an increase of 42% over 2021. read more

Castlelake Repays Aircraft-Backed Securitization

Castlelake, an alternative investment manager, fully repaid Castlelake Aircraft Securitization Trust 2015-1R, an aircraft-backed securitization originally issued by Castlelake in 2015 and refinanced in 2019. read more

Smolenski, President & CEO Of MMP Capital, Joins Forbes Finance Council

The Forbes Finance Council, an invitation-only community for financial services leaders, accepted John-Paul Smolenski, president and CEO of MMP Capital. read more

Aviation Capital Group Appoints Mangels VP of Marketing

Alan Mangels joined Aviation Capital Group as vice president of marketing. Mangels was previously with CDB Aviation and also spent multiple years at Rolls-Royce and Airbus. Mangels will be responsible for covering the North American region. read more

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