ECN Capital entered into a definitive agreement with funds managed by Stone Point Capital to sell all of the issued and outstanding equity interests in ECN Kessler Holdco, a wholly-owned, indirect subsidiary of the ECN through which ECN operates the Kessler Group business. read more

AUG 25, 2022 - 7:52 am

ECN Capital mailed information to shareholders in connection with a special meeting of holders to be held on Dec. 2 in which shareholders will vote on a proposal to reduce the stated capital account of common shares in the capital of the corporation. read more

NOV 11, 2021 - 6:33 am

ECN Capital entered into a definitive agreement with Truist Bank to sell all of the issued and outstanding equity interests in each of Service Finance Company and Service Finance Holdings for cash proceeds of $2 billion. read more

AUG 11, 2021 - 6:47 am

ECN Capital’s operating subsidiary, Service Finance, has renewed its largest bank funding commitment. read more

MAR 20, 2020 - 6:51 am

Steven Hudson, ECN Capital CEO, has agreed to extend his employment contract to 2023. ECN also announced the retirement of Jim Nikopoulos as President effective May 8, 2019. read more

MAY 10, 2019 - 6:50 am

ECN Capital announced the preliminary results of its modified “Dutch auction” substantial issuer bid to purchase for cancellation up to $265 million of its outstanding common shares from shareholders for cash. read more

JAN 14, 2019 - 6:30 am

ECN Capital reported Q3/18 EBITDA, net of provision for credit losses, of $50.9 million versus $36.6 million for the previous three-month period and $34.4 million for the same period last year. read more

NOV 14, 2018 - 7:10 am

ECN Capital closed the sale of Element Rail Leasing I to affiliates of Trinity Industries Leasing Company on previously announced terms. read more

OCT 18, 2018 - 7:20 am

ECN Capital entered into a agreement to sell railcar assets to affiliates of Trinity Industries Leasing for proceeds of $360 million. read more

SEP 25, 2018 - 7:00 am

ECN Capital completed its strategic investment in The Kessler Group on the terms previously announced. read more

JUN 1, 2018 - 7:09 am

ECN Capital reported Q1/18 originations were $349.2 million, up from $249.4 million sequentially and $31.0 million for the same period in 2017. read more

MAY 14, 2018 - 7:31 am

ECN Capital entered into a definitive agreement to make a strategic investment in The Kessler Group. Under the terms of the agreement, ECN Capital will invest $221.2 million in KG. read more

MAY 11, 2018 - 6:23 am

The Alta Group’s Bruce Kropschot and James Jackson examine the M&A market for independent equipment finance companies. Although another good year is expected, several factors could affect the market, including rising interest rates, stock market trends, tax reform legislation and accounting rule changes.... read more

March/April 2018

CWB Financial Group completed its previously announced acquisition of the Canadian commercial and vendor finance assets of ECN Capital. read more

FEB 1, 2018 - 7:08 am

ECN Capital closed the acquisition of Triad Financial Services which will expand ECN’s U.S. finance business into prime and super-prime manufactured housing lending. read more

JAN 2, 2018 - 7:15 am