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TD Bank Acquires Wells Fargo’s Canadian Direct Equipment Finance Business

TD Bank and Wells Fargo entered a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian direct equipment finance business. read more

Rand Technology and Mitsubishi UFJ Lease and Finance Form New Alliance

Rand Technology and Mitsubishi UFJ Lease & Finance formed an alliance, offering each other’s solutions to both companies’ customers and expanding life cycle support for each of their businesses.  read more

People’s Capital and Leasing Promotes Mengacci to SVP, Industrial Division

People’s Capital and Leasing promoted Jim Mengacci from vice president of sales to senior vice president of the company’s industrial division. Mengacci has more than 10 years of industry experience and will be responsible for relationship management and business growth. read more

Ares and Industry Veterans Launch Vmo Aircraft Leasing

Ares Management and aviation industry veterans Bob Brown, Sean Sullivan and Will Hudson launched Vmo Aircraft Leasing, a company to acquire and lease commercial aircraft. read more

Sertant Capital Completes $5.1MM in Funding in December

Sertant Capital completed five transactions totaling $5.1 million in December, including $1.9 million for processing equipment and yellow iron for a processor and distributor of frac sand. read more

Decreasing Inventory Levels Contribute to Value Increases in Used Equipment

A new Sandhills Global market data report brought to light several interesting year-over-year value gains across the 10-plus-year age group in the used agriculture equipment, construction machinery and commercial truck markets. read more

Financial Partners Group Reports $77MM in Q4/20 Funding Volume

Financial Partners Group reported Q4/20 funding volume of $77 million, including the largest month in company history in December, when volume reached $31.8 million. read more

Wintrust Specialty Finance Hires Chris Fowler as VP of Business Development

Wintrust Specialty Finance hired Chris Fowler as vice president of business development. With more than 30 years of experience in finance and equipment sales, Fowler most recently worked at Key Equipment Finance as vice president of national sales and business development. read more

Sentry Financial Closes $62MM Equipment Lease for Construction Tech Company

Sentry Financial closed a $62 million equipment lease of lift and material handling equipment to a construction technology company. read more

AP Equipment Financing Reports 17% Funding Growth in 2020, Promotes Lerma and Williams

AP Equipment Financing funded $197.3 million worth of equipment in 2020, representing a 17% growth over 2019. Additionally, AP Equipment Financing promoted Chris Lerma, CLFP, to president and Fred Williams to chief sales officer. read more

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