Chesswood Group Limited announces it has sold all of its interests in Vault Credit Corporation and Vault Home Credit Corporation (collectively, Vault), representing the entirety of Chesswood's Canadian equipment leasing and consumer financing...
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August 12, 2024, 07:22 AM
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Chesswood Group Limited is providing a further update on its previously announced evaluation of the strategic direction of the Company being supervised by a special committee of its board of directors (the Committee) and on its plan to remedy its...
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July 09, 2024, 07:18 AM
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Chesswood Group Limited provided an update on its previously announced evaluation of the strategic direction of the company being supervised by a special committee of its board of directors (the Committee).Over the course of its review to date, the...
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June 17, 2024, 07:22 AM
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Chesswood Group Limited announced an update on its review of strategic alternatives to maximize shareholder value, previously announced on Jan. 22, 2024.In connection with the review process, Chesswood, through a special committee of its board of...
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March 29, 2024, 07:20 AM
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Chesswood Group Limited announced it has initiated a review of strategic alternatives to maximize shareholder value. Chesswood is a North American specialty finance company providing commercial equipment leases and loans, automotive loans, home...
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January 23, 2024, 07:20 AM
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Chesswood Group Limited, a specialty finance company with 40 years of experience in the commercial equipment finance market, and Wafra Inc., a global alternative investment firm, announced an agreement forming a joint venture partnership between...
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November 01, 2023, 07:23 AM
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Chesswood Group Limited, a North American specialty finance company, its results for its year and the fourth-quarter ended Dec. 31, 2022."2022 was a strong year for Chesswood Group. Our diversified portfolio generated record earnings and free cash...
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March 17, 2023, 07:22 AM
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Värde Partners, a leading global investment firm, and Chesswood Group Limited, a specialty finance company with 40 years of experience in the commercial equipment finance market, announced an agreement for the forward purchase of equipment loan and...
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March 07, 2023, 07:15 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, home improvement financing and asset management, reported its results for the third quarter ended...
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November 08, 2022, 07:17 AM
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Chesswood Group Limited announced its subsidiary, Pawnee Leasing Corporation, has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totaled $347 million and will be used to repay Pawnee's warehouse facility and...
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August 12, 2022, 07:23 AM
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Chesswood Group Limited reported its results for the three months ended June 30. The company reported earnings of $9.7 million and record free cash flow generation of $15.71 million in the second quarter. That compared with earnings of $7.8 million...
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August 05, 2022, 07:07 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, and home improvement financing, reported its results for the quarter ended March 31, 2022. Q1 2022...
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May 13, 2022, 07:20 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company, and Waypoint Investment Partners Inc., a Toronto-based investment fund and private client investment manager, announced Chesswood and its wholly owned subsidiary...
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March 18, 2022, 07:14 AM
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Castlelake, a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, and Chesswood Group, a specialty finance company with 40 years of experience in the commercial equipment finance market, announced...
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March 17, 2022, 07:20 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company, reported its results for its year ended Dec. 31, 2021. "2021 was a transformational year for Chesswood Group. We set the objective at the beginning of the year to...
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March 10, 2022, 07:05 AM
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Chesswood Group Limited and Rifco Inc., a Canadian alternative auto finance company, announced the successful completion of Chesswood's strategic acquisition of Rifco pursuant to the previously announced statutory plan of Arrangement under the...
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January 18, 2022, 07:13 AM
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American Family Care franchise is a leader in urgent care services.Its impressive growth during the COVID-19 pandemic is why Tandem Finance is partnering with American Family Care under its newly launched Fund Your Franchise initiative to provide...
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December 01, 2021, 07:15 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, business loans and home improvement financing, reported its results for its third quarter ended Sept. 30."The third...
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November 08, 2021, 07:17 AM
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Rifco Inc., a Canadian alternative auto finance company, and Chesswood Group Limited, a publicly traded commercial equipment finance company focused on small and medium-sized businesses, announced they have entered into an arrangement agreement...
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October 28, 2021, 07:11 AM
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Chesswood Group Limited announced that its subsidiary Pawnee Leasing Corporation has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totaled $356 million and will be used to repay Pawnee's warehouse facility...
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October 27, 2021, 07:20 AM
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Tandem Finance announced the promotion of Linda Clements to Vice President of Vendor Program Management. She will assume executive leadership responsibility for the Vendor Service area of the Tandem Finance business.In her role, Clements will be...
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October 06, 2021, 07:20 AM
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Chesswood Group Limited, a publicly traded North American commercial equipment finance provider for small and medium-sized businesses, announced the formation of a consumer home finance unit, Vault Home Credit Corporation. Vault Home Credit...
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September 17, 2021, 07:17 AM
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Mike Bardwell has recently been promoted to Vice President and General Manager of the Transportation & Construction segments within Tandem Finance. He has been instrumental in forming, developing, and ongoing growth and refinement of Tandem Finance's...
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August 23, 2021, 07:22 AM
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Chesswood Group Limited, a publicly traded North American commercial equipment finance provider for small and medium-sized businesses, reported its results for its second quarter ended June 30."The second quarter of 2021 was further evidence of the...
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August 04, 2021, 07:20 AM
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Tandem Finance announced that Megan Allen has joined as Tandem Finance’s Brand Ambassador to the franchise market. She brings a wealth of industry knowledge and experience to our team. Allen has spent her entire career in the franchise industry. She...
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July 22, 2021, 07:20 AM
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Chesswood Group Limited announced it has completed the merger of its subsidiary Blue Chip Leasing with Vault Credit Corporation. Both organizations received the necessary approvals from their funding partners and are excited to serve the market under...
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May 07, 2021, 07:18 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced it has entered into a definitive agreement to merge its subsidiary Blue Chip Leasing Corporation with Vault Credit...
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April 08, 2021, 07:25 AM
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Chesswood Group Limited announced Lisa Stevenson is retiring as Chesswood's Chief Financial Officer on March 19. Tobias Rajchel, who is currently Chesswood's Vice-President Finance, will become Chesswood's interim CFO."We thank Lisa for her 21 years...
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March 11, 2021, 07:11 AM
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Tandem Finance is one of the industry’s fastest-growing small-ticket, independent, equipment finance and lease companies. Powered by the efforts of its team and its vendor partners, Tandem continued its rapid national expansion in 2020 despite the...
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January 22, 2021, 07:25 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the third quarter and provided a COVID-19 update.The company reported net income of $7.5 million in the...
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November 12, 2020, 07:10 AM
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Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee's two...
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October 01, 2020, 07:10 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the second quarter and six months ended June 30, 2020 and provided a COVID-19 update.The company reported...
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August 10, 2020, 07:25 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced that Barry Shafran, President and Chief Executive Officer, will be retiring on Aug. 31. Ryan Marr, who recently joined...
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July 01, 2020, 07:20 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, provided an update on the effects of COVID-19 on its business and banking activities.What has been the extent of COVID-19 Related...
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June 23, 2020, 07:30 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced it is temporarily suspending its monthly dividend as part of its broader initiative to be able to draw on its revolving...
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May 19, 2020, 07:30 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the first quarter ended March 31, and provided a COVID-19 update.The company reported a net loss of $14.1...
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May 14, 2020, 07:20 AM
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Chesswood Group Limited, has taken steps for the benefit of its businesses, based on what is known today and recognizing that it is in a rapidly changing environment:
Reduced its team by 31, to 119 from 150 team members;
Management throughout...
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April 22, 2020, 07:30 AM
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Chesswood Group Limited reported its results for the fourth quarter and year ended Dec. 31, 2019.“We had a record year of originations once again while our free cash flow, reduced by the $2.2 million of net expenses from our new startup Tandem...
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March 19, 2020, 07:10 AM
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Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee's prime receivables. Proceeds from the $254 million securitization will be used to pay down Pawnee's...
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October 10, 2019, 07:29 AM
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Chesswood Group Limited announced the completion of the renewals of its two $250 million primary borrowing facilities. These two facilities are provided by two separate bank syndicates, including leading Canadian and American banks active in our...
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October 03, 2019, 07:25 AM
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Chesswood Group Limited reported its adjusted operating income for the second quarter was $6.02 million compared with $6.83 million in the second quarter 2018.This measures Chesswood’s operating income before the change in the allowance for credit...
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August 05, 2019, 06:00 AM
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Chesswood Group Limited announced the closing of a new funding facility with Sun Life Assurance Company of Canada for its subsidiary Pawnee Leasing Corporation. This new facility finances Pawnee's prime originations and provides additional annual...
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July 23, 2019, 07:10 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported results for the first quarter.The company posted strong metrics in the quarter along with the launch of a new...
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May 15, 2019, 07:15 AM
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Chesswood Group Limited announced further expansion of its equipment finance footprint in the U.S., with the launch of Tandem Finance Inc. The new firm, based in Houston, TX, provides small and medium sized businesses of all credit profiles with...
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March 20, 2019, 07:24 AM
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Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its record third-quarter results for the period ended Sept. 30."Our third-quarter operating income of $9.4 million helped...
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November 12, 2018, 07:25 AM
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Chesswood Group Limited announced its largest subsidiary, Pawnee Leasing Corporation, has closed a $250 million warehouse facility specifically to fund Pawnee’s growing prime portfolio.The warehouse facility will hold Pawnee’s prime receivables...
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August 20, 2018, 07:25 AM
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Chesswood Group, a North American commercial equipment finance provider for small and medium-size businesses, reported its second-quarter results for the period ended June 30.Chesswood's gross finance receivables grew to $804 million in the quarter...
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August 14, 2018, 07:23 AM
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Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses reported its results for the first quarter ended March 31, 2018. The company generated record quarterly income before tax, along with strong...
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May 10, 2018, 07:25 AM
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Pawnee Leasing Corporation has named Dana Freeman as an additional Business Development Manager.Freeman will be responsible for enhancing the company’s development and expansion of originations with its existing and new broker partners primarily in...
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March 20, 2018, 07:20 AM
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Chesswood Group Limited announced that it has renewed its US$250 million corporate revolving credit facility for a term of three years, expiring in December 2020. The existing credit facility was due to expire in December 2019. Chesswood also...
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December 13, 2017, 07:00 AM
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Chesswood Group reported its results for the third quarter and nine-months ended September 30, 2017.The Company generated operating earnings of $6.7 million in the quarter and $24.1 million for the nine-month period, compared to $7.2 million and...
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November 09, 2017, 07:00 AM
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Chesswood Group Limited announced that its largest subsidiary, Pawnee Leasing Corporation, has closed a new US$75 million non-recourse asset backed facility with Capital One, N.A. through its Pawnee Receivable Fund I LLC.The facility is secured by...
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October 17, 2017, 07:00 AM
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Chesswood Group Limited announced that it has exercised the remaining US$50 million accordion feature in its existing corporate revolving credit facility, increasing the facility to US$250 million.The facility matures in December 2019 and Chesswood...
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August 30, 2017, 07:17 AM
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Blue Chip Leasing, a division of Chesswood Group Limited announced the appointment of Marcelle Newstadt as sole President. Newstadt started with Blue Chip in 2002 and has been directly responsible for the operations of the business over the last...
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August 17, 2017, 07:17 AM
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Chesswood Group, an equipment finance provider for small and medium-sized businesses throughout North America, reported record net income and operating earnings for 2016. Net income for 2016 of $24.3 million was up more than 22% from fiscal 2015...
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March 09, 2017, 07:35 AM
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Chesswood Group Limited announced that Windset Capital Corporation, its U.S. working capital loan subsidiary, will discontinue accepting new loan applications from its brokers and independent sales organization network effective September 26, 2016...
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September 20, 2016, 07:18 AM
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Pawnee Leasing Corporation announced that it completed its business relocation to 3801 Automation Way in Fort Collins, Colorado.“After 12 years at Centre Avenue, Pawnee Leasing Corporation moved on June 10. Our stand alone facility has been a...
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June 14, 2016, 08:00 AM
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Chesswood Group Limited announced that it has entered into a definitive agreement to sell its EcoHome Financial Inc. ("EcoHome") subsidiary to Dealnet Capital Corp. for a purchase price of approximately $35.0 million.Commercial Finance...
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January 22, 2016, 07:12 AM
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Chesswood Group Limited announced its results for the year ended December 31, 2014. Chesswood had its fourth consecutive year of record earnings in 2014. Income before taxes was $20.4 million for the year, compared to $19.7 million in the prior year....
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March 26, 2015, 07:00 AM
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Chesswood Group announced that it has entered into an agreement to acquire Blue Chip Leasing Corporation ("Blue Chip") and EcoHome Financial Inc. ("EcoHome").Blue Chip is a tenured, prime, small ticket equipment finance company serving brokers and...
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February 26, 2015, 07:15 AM
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Chesswood Group Limited ("Chesswood") announced that it has entered into a new three year, $150 million, revolving senior secured credit facility. The facility also includes a $50 million accordion feature which would expand the facility to $200...
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December 10, 2014, 07:15 AM
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Northstar Leasing Corporation (the "Company"), a Chesswood Group Company ("Chesswood"), announced that industry veterans Danny Lebovics and Bill Tsiobanos have joined the Company as President and Vice-President of Business Development...
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August 22, 2014, 07:06 AM
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Chesswood Group Limited ("Chesswood") announced that it has completed the purchase of all of the outstanding shares of Northstar Leasing Corporation ("Northstar"), a long-standing non-prime commercial equipment finance company, located in Barrie...
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February 04, 2014, 07:01 AM
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Chesswood Group Limited ("Chesswood"), announced that it has launched its new working capital loan business, WINDSET CAPITAL CORPORATION ("WINDSET" or "WINDSET CAPITAL"), headquartered in Salt Lake City, Utah. WINDSET will provide working capital...
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October 03, 2013, 06:58 AM
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