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CG Commercial Finance Adds Hires in Originations and Fulfillment

Laurie Funston and Christina Manall joined CG Commercial Finance’s Affiliate originations team. Funston will develop broker/lessor relationships in the western U.S. and Manall will develop new vendor relationships. read more

Hitachi Business Finance Closes Summer with $28.75MM in New Deals

Hitachi Business Finance said it recently provided $28.75 million to six growing U.S. companies seeking working capital solutions. read more

Class Action Suit Filed Against Xerox for Excessive Leasing Fees

According to a class action complaint, a former customer of Xerox has filed a class action complaint seeking monetary damages and declaratory and injunctive relief arising from Xerox’s assessment of excessive fees for printing services, equipment and supplies. read more

DLL Whitepaper Explores Organizing Servitized Business Models

DLL researched the service-based trend and bundled its findings in a whitepaper to guide servitizing companies. read more

DLL Opens Dallas Office, Appoints Leader of U.S. Office Expansion

DLL opened a Dallas office and appointed company veteran Eileen Schoonmaker to lead U.S. office expansion efforts. read more

First American EF Named a Best Company to Sell For

Selling Power Magazine named First American Equipment Finance to its 50 Best Companies to Sell For list. read more

Top Five Printing Equipment Lenders Account for 44% of August Financings

According to data provided by EDA, the top five printing equipment lenders accounted for 28 units or 44% of the transactions that were evidenced by financing statements during the month of August 2017. read more

GE Sells Remaining Equity Stake in Penske Truck Leasing

GE sold its remaining 15.5% equity stake in Penske Truck Leasing to Penske Automotive Group and MBK USA Commercial Vehicles. Total proceeds are approximately $674 million. read more

Element Fleet Announces Non-Core Asset Sale

Element Fleet Management announced the sale of approximately 60% of its heavy-duty U.S. truck portfolio for cash proceeds of $113.2 million in excess of book value. read more

Marlin Names Rajappa SVP, Chief Marketing Officer

Marlin Business Services named Aswin Rajappa senior vice president and chief marketing officer. read more

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Terry Mulreany
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