Steven Hudson Related Content

ECN Capital Sells Kessler Group Business to Stone Point Capital

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

ECN Capital Sells its Service Finance Business to Truist Bank for $2B

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

ECN Bank Partner Renews $600MM Funding Commitment for Service Finance

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

ECN Capital President Retires; Hudson Extends Contract to 2023

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

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 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 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

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

ECN Capital Closes Acquisition of Service Finance Holdings

ECN Capital closed the acquisition of Service Finance Holdings on the terms previously announced. read more

ECN Capital Buys Service Finance for $304MM

ECN Capital entered into a definitive agreement to acquire Service Finance Holdings for $304 million. read more

Nikopoulos Appointed President of ECN Capital

Jim Nikopoulos was promoted to president of ECN Capital at the company’s board of directors meeting on May 11. Nikopoulos previously served as chief operating officer. read more

ECN Capital Appoints Toth, Goldman to Board of Directors

ECN Capital appointed Donna Toth and Carol Goldman the company’s board of directors to sit as independent directors effective April 10, 2017. read more

ECN Completes Sale of U.S. Equipment Finance Business to PNC

ECN Capital completed the previously announced sale of the company’s U.S. Commercial and Vendor Finance business to PNC Financial Services Group. read more

PNC to Acquire ECN Capital’s U.S. Commercial, Vendor Finance Business

PNC Financial Services entered a definitive agreement to acquire the U.S.-based commercial and vendor finance business of ECN Capital for cash proceeds of approximately $1.253 billion. read more

Element’s Hudson Named EY Entrepreneur of the Year Ontario

Steven Hudson, chief executive officer of Element Financial won the 2016 Entrepreneur of the Year Ontario award. read more

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