News Topics

Aircraft Deals

GECAS, Boeing Reach Agreement for 35 737-800 Converted Freighters

GECAS and Boeing reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow. read more

Associations

ELFA Launches Online Fundamentals of Equipment Leasing and Finance Course

The ELFA launched a new version of its flagship training course which offers a virtual experience and training in the fundamentals of equipment finance. read more

Economy

ISM Reports Non-Manufacturing Sector Growth in June

Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, the Institute for Supply Management reported. read more

Equipment Sector

Fleet Advantage Estimates $27K in Savings from New Truck Procurement

According to Fleet Advantage, transportation companies can realize a first-year savings of $26,687 when upgrading from a 2012 sleeper model-year truck to a 2019 model. read more

Industry

Liberty Commercial Finance Relocates Corporate HQ

Independent equipment finance provider Liberty Commercial Finance opened a new corporate headquarters in Tustin, CA. read more

International

Ibec Launches Aircraft Leasing Ireland

Ibec, through Financial Services Ireland, established Aircraft Leasing Ireland, a new representative body, read more

Lease Accounting

LeaseQuery Adds Larkin as Technical Lease Accounting Manager

LeaseQuery, a provider of comprehensive lease accounting software, hired Griffin Larkin as a technical lease accounting manager. read more

Legal / Fraud

Dallas Court Upholds $96.2MM Judgment Following BBVA Fraud Verdict

A Dallas judge entered a $96.2 million judgment against BBVA Compass Bank in a ruling that upholds the verdict against the bank for fraud during loan renewal and modification negotiations with a developer. read more

Mergers / Acquisitions

Verdant Commercial Capital Acquires Machine Tool Financier Intech Funding

Verdant Commercial Capital of Cincinnati, OH acquired Intech Funding of Monrovia, CA. Intech is focused on financing and leasing for manufacturing companies nationwide. read more

New Ventures

GSG Financial Launches Material Handling Asset Management Service

GSG Financial launched GSG Asset Management and Remarketing, a new business unit focused on providing material handling asset management and remarketing services. read more

Of Interest

Sandhills Acquires Equipmentfacts, Establishes NJ Location

Sandhills Publishing acquired Equipmentfacts, a New Jersey-based online bidding platform specializing in global solutions for equipment and truck auctions. read more

People

Alta Reports Record Pace in Equipment Finance M&A in First Half of 2018

According to The Alta Group, interest in mergers and acquisitions in the equipment finance industry was high in the first half of 2018, reflecting a global trend. read more

Program Agreements

Marlin Partners with Welbilt to Launch Kitchen Leasing Program

Marlin Finance partnered with Welbilt to launch a leasing program designed to provide all of the hot, cold and beverage equipment needed to run a professional kitchen. read more

Recent Earnings

Snap-on Financial Services Earns 5.5% Increase in Q2 Revenue

Snap-on reported financial services revenue in Q2/18 of $82.0 million, which marked a 5.5% increase compared to Q2/17. read more

Securitization

Global Jet Capital Completes Second Securitization, Raises $674MM

Global Jet Capital closed its BJETS 2018-2 securitization, raising approximately $674 million. BJETS 2018-2 is the second ABS offering that Global Jet Capital has closed in the last four months. read more

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Terry Mulreany
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