News

TBF Financial Celebrates 25 Years in Business

TBF Financial is celebrating 25 years in business this year. Robert Boehm and his sons, Brett and Adam, founded the company in 1998 with the goal of pioneering commercial debt buying in the equipment leasing industry. read more

Leasepath Adds Conversational AI and Embedded Microsoft Teams Features to Platform

Leasepath launched two new features, as it now offers Microsoft Copilot, an enterprise-grade conversational artificial intelligence solution, and a real-time Microsoft Teams collaboration capability within its platform. read more

ELFA to Hold Second Annual Equity Forum in New Orleans Sept. 13-14

The Equipment Leasing and Finance Association announced plans for the second annual ELFA Equity Forum to celebrate and advance diversity, equity and inclusion in the equipment finance industry. The forum will be held from Sept. 13-14 in New Orleans. read more

Equity Bancshares Promotes Navratil to CFO, Newell to Resign

Equity Bancshares, the Wichita, KS-based holding company of Equity Bank, promoted Chris M. Navratil to CFO to replace Eric R. Newell, who decided to resign from the position. read more

Embraer Deliveries Increase 47% Y/Y in Q2/23

Embraer delivered a total of 47 jets in Q2/23, including 17 commercial aircraft and 30 executive jets (19 light jets and 11 midsize jets). The company’s second quarter deliveries were 47% higher than in the same period from 2022. read more

Decarbonization of CV Fleets May Require 24-Month Lead Times for Charging Infrastructure

According to ACT Research, electric conversion of the commercial vehicle sector will require a very coordinated effort between vehicle acquisition and supporting charging infrastructure to ensure adequate charging infrastructure is in place to support fleet needs. read more

Griffin Global Asset Management Announces Purchase & Leaseback of Airbus A320neo Aircraft with Aer Lingus

Commercial aircraft leasing and alternative asset management business Griffin Global Asset Management announced the purchase and leaseback of one Airbus A320neo aircraft on long-term lease to Aer Lingus. The aircraft was delivered on July 28. read more

Westlake Capital Finance Partners with DealerCenter to Provide Lines of Credit to Buy Here Pay Here Dealers

DealerCenter, an automotive dealer management system, is partnering with Westlake Capital Finance, a commercial lending entity of Westlake Technology Holdings, to provide buy here pay here (BHPH) dealers a line of credit to finance their customers directly. read more

Hercules Capital Provides $115MM Loan Facility to X4 Pharmaceuticals

X4 Pharmaceuticals, a provider and developer of novel small-molecule therapeutics to benefit people with rare diseases of the immune system, closed a $115 million loan facility with Hercules Capital. read more

Former LEAF Commercial Capital CEO DeMent to Retire in 2024

Crit DeMent, who led LEAF Commercial Capital as CEO from its creation to earlier this year, will step away from his current position as chairman of the company to retire in 2024. read more

First Horizon Re-Signs CEO Jordan for Five Years

Bryan Jordan, chairman, president and CEO of First Horizon Corp., signed a five-year employment agreement with the company. Jordan joined First Horizon as CFO in 2007. In 2008, he was named president and CEO. read more

DLL Closes $1B Securitization Backed by AGCO Finance Leases and Loans

DLL closed DLLAA 2023-1, a U.S. securitization transaction, issuing notes totaling $1 billion. The notes are backed by loans and leases secured with new and used agricultural equipment originated by AGCO Finance, a joint venture between DLL and AGCO. read more

Quiktrak Merges with Douglas-Guardian Services Corporation

After being acquired by RCap Equity Partners, Quiktrak left the Bureau Veritas Group and merged with the Douglas-Guardian Services Corporation on July 20. Sudhakar Goverdhanam was appointed the CEO of the new Quiktrak. read more

Gordon Brothers and Nations Capital Join Forces to Expand Commercial & Industrial Presence

Gordon Brothers, an advisory, restructuring and investment firm, and Nations Capital (NCI) joined forces to expand the firms’ commercial and industrial market presence and serve a broader range of clients with holistic solutions. read more

ISM Reports Continued Economic Activity Expansion in Services Sector

Economic activity in the services sector expanded in July for the seventh consecutive month, as the Services PMI registered 52.7%, according to the Institute for Supply Management. The sector has grown in 37 of the last 38 months, with the lone contraction in December of last year. read more

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