Monitordaily

Crestmark Equipment Finance provided $11,977,955 in 13 new transactions and Crestmark Vendor Finance provided $3,492,993 in 37 new transactions in the second half of May. In addition, Crestmark secured a total of $48.85 million in asset-based lending and factoring financial solutions for 14 new clients and its government guaranteed lending group provided $2.255 million in financing for three new clients. Read more: https://www.monitordaily.com//crestmark-equipment-finance/

KKR launched AV AirFinance Limited, a global commercial aviation loan servicer established by a team of industry professionals together with KKR. The new secured loan servicing platform combines long-term capital and decades of experience structuring commercial aircraft loan transactions to offer financing solutions to commercial aviation customers. Read more: https://www.monitordaily.com//kkr-launches-commercial-avi/

Fleet Advantage will be exhibiting at the National Private Truck Council’s (NPTC) Annual Conference and Exhibition (booth No. 422) from June 13 to June 15 in Cincinnati. Fleet Advantage also released its latest Truck Life Cycle Data Index (TLDI) comparing all-in operating costs of older-model Class-8 trucks to 2022 model-year replacements. Read more: https://www.monitordaily.com//fleet-advantage-projects-mo/

Fly Leasing’s shareholders approved the acquisition of the company by an affiliate of Carlyle Aviation Partners, the commercial aviation investment and servicing arm within Carlyle’s $59 billion global credit platform. Approximately 99.9% of the votes cast at the special general meeting of Fly’s shareholders voted in favor of the transaction. Read more: https://www.monitordaily.com//fly-leasing-shareholders-ap/

First Financial Equipment Leasing added David DuFresne, Mark Hall and Brad Twilla to its senior sales team. Read more: https://www.monitordaily.com//first-financial-equipment-l/

Insight Financial Services (IFS), a division of Insight Investments, was awarded a three-year contract from the Organization for Education and Technology Curriculum (OETC) as an approved IT equipment leasing services vendor. OETC is a nonprofit consortium of schools, universities and libraries that negotiates educational technology contracts in compliance with procurement laws and regulations. As an approved OETC vendor, IFS will provide financing services to support the IT equipment acquisition needs of OETC’s California-based members. Read more: https://www.monitordaily.com//insight-financial-services-/

Monitor 101+ Data: International Decision Systems is excited to partner with Monitor in recognizing this significant group of companies. As the equipment finance industry continues to respond to the ongoing market challenges, this group of companies will be instrumental in jump starting the economy by investing in businesses that will provide future economic growth. IDS believes these companies are of critical importance and will continue to power the economy. No one knows th...e market and equipment finance business better than those who live in it every day. It is through the perspective of these companies that we have built our solutions to meet the unique needs of equipment finance firms of any size and across any market segment. Learn more about how IDScloud is built to be open and integrate with leading ecosystem companies to provide a solution that aligns with your business process. This frees up your valuable resources to focus on what matters mostbuilding your business. We’re here to help Check out free resources and tools at https://www.idsgrp.com/exploreidscloud/

Fleet Advantage secured an additional volume of $7.5 million in new business through its recently launched sale-leaseback program. The additional volume follows an initial $17 million generated shortly after the program’s launch in May. Read more: https://www.monitordaily.com//fleet-advantage-secures-24-/

International Data Corporation (IDC) revealed its worldwide information technology (IT) industry predictions for 2021 and beyond. The predictions were published in a new IDC FutureScape report and presented in a live webinar hosted by Rick Villars, group president for worldwide research at IDC. Read more: https://www.monitordaily.com//idc-predicts-whats-next-for/

The Equipment Leasing and Finance Association named its new board of directors, with Kristine A. Snow, president of Cisco System Capital, as the association’s new board chair and Michael DiCecco, president of Huntington Equipment Finance, as its new chair-elect. Read more: https://www.monitordaily.com//elfa-names-new-board-of-dir/

Star Hill Financial, a certified Women Business Enterprise, appointed Keith Smith president of its equipment finance division. Read more: https://www.monitordaily.com//star-hill-financial-names-s/

Monitor 101+ Profile: Global Financial & Leasing Services LLC Global Financial & Leasing Services provides financing solutions for small and mid-sized businesses that are often considered sub-prime credits. It provides equipment financing solutions for a range of both new and used equipment types. Client businesses can be startups or seasoned for many years. Global Financial is also a veteran-owned business and supports See 4 Vets and the Leader Dogs for the Blind charities. Learn more: https://www.magazine.monitordaily.com/128-global-financial-

Monitor 101+ Profile: Regents Capital Corporation Regents Capital’s success is a direct result of its ability to create a team of top-tier industry professionals and combine them with a cutting-edge technology platform while focusing on corporate values and beliefs. Its team, tech and mission drive its results. Learn more: https://www.magazine.monitordaily.com/138-regents-capital

Monitor 101+ Profile: North Star Leasing North Star Leasing Company leases a range of equipment used by businesses across the United States. Founded in 1979, the company boasts 41 years of leasing experience and originates leases in all 50 states. Since inception, North Star Leasing has funded more than 50,000 total transactions totaling more than $500 million of equipment cost. Learn more: https://www.magazine.monitordaily.com/119-north-star-leasing

Craig R. Dahl will retire as president and CEO of TCF Financial, effective Oct. 27, following the integration between TCF Bank and Chemical Bank, a merger Dahl helped lead. The TCF Financial board of directors elected vice chairman David T. Provost as TCF Financial CEO and elected Thomas C. Shafer to the board of TCF Financial as vice chairman and CEO of TCF National Bank. Both Shafer and Provost will report to executive chairman Gary Torgow. Read more: https://www.monitordaily.com//dahl-to-retire-as-presiden/x

In its Q3/20 earnings release, Penske Automotive Group reported that Penske Transportation Solutions, a provider of truck leasing, truck rental, contract maintenance and logistics, recorded $64.5 million in earnings in Q3/20 and $108 million in earnings year to date compared with $42.2 million and $106 million, respectively, for the same periods last year. The 53% increase in the third quarter was principally driven by improved operating results in full-service leasing and logistics, and a reduction in operating expenses. Read more: https://www.monitordaily.com//penske-transportation-solut/

The week's top stories: Encina Launches Lender Finance Platform, Graham and Thomas to Lead - https://mailchi.mp/abfjournal/djgjnwd58r-157449