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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Tandem Finance Inc. completed over $333 million in small-ticket equipment finance funding in 2022. Originations stemming through its extensive grouping of manufacturer program partnerships, Tandem concentrates on committed vendor programs and dealer...
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March 06, 2023, 07:18 AM
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LilyPad EV LLC, a nationwide full-service electric vehicle charging station provider for commercial businesses, announced the collaboration with Tandem Finance to streamline the financing process for auto dealerships and all small and medium-sized...
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December 02, 2022, 07:19 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 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 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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SANY America is an industry-leading construction equipment manufacturer and with its recent signs of consistent growth over the past year shows their desire to add a new, reliable funding source. Tandem Finance is partnering with SANY America to...
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November 24, 2021, 07:22 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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Tandem Finance promoted Martin Murphy to Vice President and General Manager of Diversified Segments. He will be managing Business Development for Diversified Segments and Sales Personnel.Murphy joined Tandem in February of 2019, just two months after...
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August 19, 2021, 06:10 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, 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, 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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