Patriot Equipment Finance will expand its reach with the addition of several offices in Canada. In conjunction with the expansion, PEF appointed Claudio Macuso as the new managing director for the region.
“This is an important move for PEF as it demonstrates our commitment to serving North America and it will ensure that PEF is committed to providing an infield relationship to our Canadian clients” said Anthony Salm, president and managing director of Patriot. “PEF is committed to our core belief that our company will be a trusted advisor in the industries we serve when it comes to providing tailored equipment finance solutions.”
According to Salm, Macuso will be responsible for building the staff in Canada and growing and building existing relationships to better serve the equipment finance needs of Canadian domiciled companies.
“Claudio is a former CEO, CFO and vice president, treasurer of public companies and has raised billions of dollars in the open credit markets. He has overseen both lease and debt financing, and understands the challenges a Financial Manager/CFO faces each and every day,” said Salm. His extensive capital markets experience gives us valuable insight on how our solutions can better serve our clients especially in the construction and mining markets.”
The expansion comes less than a year into Patriot’s history, as the company opened its doors in January.
Monitor’s Top 25 Vendor Players broke the $40 billion mark in new originations this year, but while most saw positive growth, the overall percentage increase slipped slightly from 6.4% in 2017 to 6.1% in 2018. The top eight companies from... read more
University of Pennsylvania organizational psychology professor Adam Grant once said, “The hallmark of originality is rejecting the default and exploring whether a better option exists.” Consider the story of eyeglass company Warby Parker. As college students buried in debt and... read more