ECN Capital Related Content

ECN Capital Announces Preliminary Results of Substantial Issuer Bid

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

ECN Capital Reports $50MM+ EBITDA in Q3/18

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

ECN Capital Sells 55% of Rail Finance Portfolio to Trinity Affiliates

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

ECN Capital Sells 55% of Existing Rail Portfolio to Trinity Affiliates

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

ECN Capital Completes Investment in The Kessler Group

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

ECN Capital Reports Significantly Higher Year/Year Originations

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

ECN Capital Signs Agreement to Make Investment in The Kessler Group

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

M&A Activity Continues Strong: Awaiting the Impact of New Developments

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

ECN Capital Completes Sale of Equipment Finance and Leasing Assets

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

ECN Capital Closes Acquisition of Triad Financial Services

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

ECN Capital Enters into Automatic Share Purchase Plan

ECN Capital entered into an automatic securities purchase plan with a designated broker to facilitate repurchases of its outstanding common shares in connection with its normal course issuer bid. read more

ECN Capital to Sell Canadian Commercial and Vendor Finance Assets

ECN Capital entered into a definitive agreement with Canadian Western Bank to sell its Canadian Commercial and Vendor Finance assets for cash proceeds of approximately C$900 million ($700.74 million. read more

KBRA Expects Neutral Effect on Ratings Following ECN’s Triad Buy

Kroll Bond Ratings agency expects that ECN Capital’s acquisition of Triad Financial Services will be neutral to ECN’s ratings. read more

Blockbuster Deals: A Look at High Profile Independent Acquisitions

Over the last 12 months, several major independent equipment leasing companies have been acquired. Banks and private equity firms were some of the major acquirers, with People’s United Bank buying LEAF Commercial Capital and Solar Capital taking on Nations Equipment Finance. What has led to this spike in activity, and will it continue?... read more

ECN Capital Acquires Triad Financial Services for $100MM

ECN Capital entered into a definitive agreement to acquire Triad Financial Services for $100 million in cash. read more

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