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

Pawnee Leasing’s president, Gary Souverein, celebrates the company’s 40th year in business with a Monitor Q&A. Souverein details how humble beginnings and a solid executive team have built the company for unending success. ... read more

Monitor 100 2022

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

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Nov/Dec 2021

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

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 Group provided an update on the effects of COVID-19 on its business and banking activities. read more

JUN 24, 2020 - 6:44 am

Barry Shafran

From Chesswood’s original roots in the new car automotive retail and leasing space in Canada in the late 1990s, sprung Chesswood Income Fund (later Chesswood Group), in May 2006. As part of the simultaneous transaction of becoming Chesswood, a publicly... read more

January 2019

Pawnee Leasing renewed a $250 million warehouse facility as part of a larger renewal by Chesswood Group of its two primary borrowing facilities. Both facilities were led by Royal Bank of Canada. read more

OCT 3, 2019 - 6:40 am

Sun Life Assurance Company of Canada closed a new funding facility with Chesswood Group’s subsidiary Pawnee Leasing. read more

JUL 23, 2019 - 6:35 am

Pawnee Leasing hired Branden Mennitt as a business development representative in the company’s eastern territory. read more

JUN 14, 2019 - 6:45 am

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a $250 million warehouse facility to fund its growing prime portfolio. read more

AUG 20, 2018 - 7:07 am

Chesswood reported gross finance receivables grew to C$804 million ($611.5 million) in Q2/18 driven by record originations of C$114 million ($86.7 million), a 31% increase from C$87 million ($66.2 million) in Q2/17. read more

AUG 13, 2018 - 1:26 pm