FTI Consulting Canada, acting as court-appointed monitor, is overseeing a sale and investment solicitation process for Chesswood Group and its subsidiaries under the Companies' Creditors Arrangement Act. Final bids for the specialty finance group’s assets, operations or restructuring opportunities are due by Jan. 20, 2025. read more

JAN 2, 2025 - 5:53 am

Chesswood Group has sold all of its interests in Vault Credit and Vault Home Credit, representing the entirety of Chesswood’s Canadian equipment leasing and consumer financing business segment, to an affiliate of HB Leaseco. read more

AUG 13, 2024 - 6:24 am

HB Lease has sold a controlling interest in its technology platform that facilitates CRM, administration and billing services for originators and vendors to QuickBucks. read more

JUL 8, 2024 - 6:27 am

Chesswood Group provided an update on its previously announced evaluation of the strategic direction of the company being supervised by a special committee of its board of directors. read more

JUN 20, 2024 - 6:40 am

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