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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

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

Petro to Lead Waterfall Specialty Commercial Finance Group

Waterfall Asset Management launched its Specialty Commercial Finance Group SCFG led by Andrea Petro to provide high yield senior secured debt to specialty commercial finance companies. read more

North Star Leasing Makes Four New Hires, Promotes Three

North Star Leasing added Jay Condor, Scott Goodwin and Justin Ward to its Sales team and Rachel Montross to its Funding & Accounting team. Susan Stevens was promoted to broker relationship manager, Alex Dean is now Syndication manager and Kit Antinozzi is now a member of the Documentation team. read more

Stearns Breaking Ground to Accommodate Equipment Leasing Growth

Stearns Bank will soon break ground on an 11,000 square-foot addition to its Equipment Finance division in Albany,MN to accommodate growing operations. read more

SEC Charges Citigroup for Dark Pool Misrepresentations

The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates. read more

RVI Group Promotes GE Vet Morin to SVP/Commercial Equipment Business

Residual value insurance provider RVI Group promoted Roger Morin to senior vice president. read more

NEFA Appoints Toglia Executive Director and CEO

The National Equipment Finance Association appointed Michael A. Toglia its executive director and CEO. He succeeds Gerry Egan, who will be retiring in October after eight years in the role. read more

Encina Hires Three GE Capital Vets for Danbury Headquarters, Promotes Giaquinto

Encina Equipment Finance hired Andy Brown, Katherine (Reichle) Branch and Beata Nicpon for the company’s Danbury, CT headquarters and promoted James Giaquinto, who joined EEF at its launch in June 2017. read more

ELFF: Trucking Industry to Remain Strong for Next Year

The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to the 2018-2019 Vertical Market Series – Road Transportation. read more

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Terry Mulreany
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