Scotiabank Leasing Group announced the acquisition of Proficom Financial, a Montreal-based company that specializes in equipment financing. The company said the deal, which will close on June 1, is not financially material to Scotiabank and terms were not disclosed.

“The addition of Proficom to our leasing platform strengthens our reach in Eastern Canada and our overall position in the country’s growing lease financing market,” said Joe LaLeggia, managing director & head, Scotiabank Leasing. “Their team brings with them a high level of expertise in equipment financing, making them a great fit with our line-up of leasing solutions.”

Scotiabank Leasing said the purchase was made through Roynat Lease Finance, the leasing arm of Roynat, a Scotiabank company that provides tailored financial solutions to small to mid-sized companies.