ECN Capital announced it has closed the acquisition of Triad Financial Services, Inc. (“Triad”) on the terms previously announced.

“As the CEO of Triad, I am excited for this partnership and next chapter in our business,” said Don Glisson, Jr., Triad’s CEO. “ECN’s financial strength and resources will allow Triad to pursue opportunities to further strengthen our business and enhance growth.”

“With over 50 years of lending experience, Triad has proven itself as a trusted partner to both its borrowers and its bank and credit union partners,” said Jim Nikopoulos, ECN Capital’s President. “We are very proud to welcome Triad to ECN Capital and excited for our future together.”

“I want to commend both Jim and the ECN team, as well as the management at Triad, for successfully getting this transaction closed in 2017, more than a month ahead of schedule,” said Steven Hudson, ECN Capital’s CEO. “We look forward to our partnership in 2018 and beyond.”

Previously on Equipment Finance Advisor:
ECN Capital to Acquire Triad Financial Services