M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

May 2021

CIT’s maritime finance business served as sole lead arranger on $34.25 million in financing for a portfolio of six dry bulk vessels. CIT arranged the financing on behalf of Globus Maritime Limited. read more

MAY 13, 2021 - 6:35 am

CIT named Christopher DeRosa a business development officer in the West Coast office of its commercial services business. DeRosa will focus on business development across a range of verticals supported by CIT’s commercial services business. read more

MAY 12, 2021 - 6:17 am

CIT’s maritime finance business served as sole lead arranger on a $22 million financing for a portfolio of five container ships. CIT arranged the financing on behalf of Madison Marine. read more

MAY 11, 2021 - 6:24 am

CIT’s healthcare finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a portfolio of three medical office buildings in Bakersfield, CA. read more

MAY 7, 2021 - 6:23 am

CIT Group won two Stevie Awards for business excellence in the 19th Annual American Business Awards. The awards included a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility Program of the Year. read more

MAY 5, 2021 - 6:29 am

iCleanse, a provider of UV-C personal device disinfection, joined forces with CIT to provide low-interest financing on all iCleanse disinfection products. read more

MAY 3, 2021 - 6:49 am

CIT’s power and energy business served as coordinating lead arranger for $84 million in financing for a new 140-megawatt solar farm in Fort Bend County, TX. read more

APR 29, 2021 - 7:04 am

Wayne Wagner, Mark Johnson and JP DeStefano joined CIT’s equipment finance division as vice presidents for business development on the industrial team. They will be responsible for developing relationships throughout the Northeast, West and Southwest regions, respectively. read more

APR 22, 2021 - 7:00 am

CIT’s healthcare finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, CO. read more

APR 19, 2021 - 6:45 am

CIT’s real estate finance business served as sole lead arranger on a $27 million loan to finance the acquisition of a warehouse and distribution center in Green Cove Springs, FL. The property was acquired by an entity managed by PKY Special Situations. read more

APR 9, 2021 - 6:20 am

The Equipment Leasing and Finance Association revealed plans for ELFA Legal Forum LIVE!, an interactive virtual event that will be held on May 4 and May 5. read more

APR 6, 2021 - 2:44 pm

CIT’s real estate finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, NV. read more

APR 1, 2021 - 6:43 am

CIT’s maritime finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships on behalf of a fund managed by Mangrove Partners. read more

FEB 24, 2021 - 6:36 am

CIT Group’s real estate finance business provided $42.4 million in financing for the construction of a new apartment complex in Nashville, TN. The new complex will be known as NOVEL Harpeth Heights by Crescent Communities. read more

FEB 19, 2021 - 6:45 am