Chesswood Group, a specialty finance company with 40 years of experience in the commercial equipment finance market, provided an update on its review of strategic alternatives, noting that it has received a “meaningful level of inbound interest from potential counterparties.” read more
APR 1, 2024 - 6:46 am
Chesswood Group, a publicly traded North American specialty finance company providing commercial equipment leases and loans, has initiated a review of strategic alternatives to maximize shareholder value. read more
JAN 24, 2024 - 6:40 am
Chesswood Group formed a joint venture partnership with Wafra to invest in equipment finance leases and loans originated by Chesswood subsidiaries Pawnee Leasing and Tandem Finance, targeting up to $1 billion in total acquisitions. read more
NOV 1, 2023 - 6:48 am
Castlelake and Chesswood Group entered an agreement for the forward purchase of diversified equipment loan and lease receivables originated by Chesswood subsidiaries Pawnee Leasing and Tandem Finance. read more
MAR 17, 2022 - 5:55 am
Chesswood Group reported that its U.S equipment finance segment increased interest revenue on leases and loans by $2.7 million in 2021 compared with 2020. In addition, its Canadian equipment financing segment generated a year-over-year increase in revenue of $17.6 million. read more
MAR 10, 2022 - 6:50 am
Chesswood Group’s U.S. equipment finance segment (Pawnee Leasing and Tandem Finance) reported interest revenue on leases and loans of $24.3 million and ancillary and other income of $3.1 million, a total increase of $3.6 million period over period. read more
NOV 8, 2021 - 6:24 am
Pawnee Leasing, a subsidiary of Chesswood Group, closed its $356 million marketed U.S. securitization of receivables. read more
OCT 27, 2021 - 6:19 am
Chesswood Group formed a consumer home finance unit, Vault Home Credit, and named Tobias Rajchel chief financial officer. Rajchel has been serving as interim Chief Financial Officer since March 2021. read more
SEP 17, 2021 - 6:35 am
Tandem Finance promoted Mike Bardwell to vice president and general manager of its transportation and construction segments. read more
AUG 23, 2021 - 6:24 am
In Chesswood Group’s Q3/20 earnings report, Ryan Marr, president and CEO of the company, said that lease modifications declined in the quarter and that the company expects to resume paying dividends starting in November. read more
NOV 12, 2020 - 7:22 am
Chesswood Group’s subsidiary Pawnee Leasing closed its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee’s two non-recourse asset-backed facilities with Capital One, among other purposes. read more
OCT 1, 2020 - 7:07 am
Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses, reported its Q2/20 results and provided a COVID-19 update, noting that COVID-19 related deferrals declined and 66% of the company’s portfolio is made up of prime credits. read more
AUG 11, 2020 - 6:53 am
Chesswood’s president and CEO, Barry Shafran, is retiring and Ryan Marr will assume his position. Ed Sonshine rejoined the board of directors and David Obront stepped down. read more
JUL 1, 2020 - 6:38 am
Chesswood Group provided an update on the effects of COVID-19 on its business and banking activities. read more
JUN 24, 2020 - 6:44 am
Chesswood Group reported a net loss of C$19.8 million ($14.06 million) in Q1/20 and provided a COVID-19 update. read more
MAY 14, 2020 - 6:55 am