In connection with a $138 million equity investment, ECN Capital and Skyline Champion will form a captive finance company that will be 51% owned by Skyline Champion and 49% owned by Triad Financial Services, a wholly-owned subsidiary of ECN Capital. read more

AUG 16, 2023 - 6:31 am

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

JUN 1, 2018 - 7:09 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

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

OCT 26, 2017 - 6:36 am

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

SEP 8, 2017 - 6:40 am

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

JUN 8, 2017 - 8:11 am

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

MAY 16, 2017 - 6:54 am

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

APR 11, 2017 - 7:48 am

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

APR 4, 2017 - 6:53 am

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

FEB 22, 2017 - 6:40 am