Post Road Equipment Finance ("PREF") announced the successful closing of a $15 million lease line to a prominent auto component manufacturer. The company, through its cutting-edge technology, is a tier one provider of stamped metal products for...
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October 15, 2024, 07:12 AM
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Gordon Brothers has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska, Sp. z.o.o. The global automotive group ceased manufacturing at its...
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October 15, 2024, 06:00 AM
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The White House selected Monroe Capital to develop a first-of-its-kind investment strategy focused on supporting businesses operating in the U.S. automotive supply chain. Along with the advisory support of MEMA, The Vehicle Suppliers Association...
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September 23, 2024, 07:18 AM
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Clarus Capital announced the successful closing of a $20 million lease facility for a private equity-backed automotive services company. The financing will enable the acquisition of equipment vital for enhancing and expanding the company’s extensive...
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August 19, 2024, 07:18 AM
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Encina Private Credit (“EPC”) served as Revolver and Term Loan lender for a sponsor owned portfolio company operating in the automotive services industry. EPC’s $75 million first out commitment augmented the existing Unitranche lender’s $300 Million...
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August 01, 2024, 07:00 AM
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Post Road Equipment Finance (Post Road) announced the successful completion of two key transactions in the automotive industry, cementing its role as a premier financing partner in key manufacturing sectors.In the first transaction, Post Road...
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July 15, 2024, 07:20 AM
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Eclipse Business Capital provided a $101.2 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to an automotive parts manufacturer. The credit facility is secured by accounts receivable, inventory, and...
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July 11, 2024, 07:00 AM
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Capteris LLC has provided a $15 million lease line for various manufacturing equipment with a global tier one automotive supplier. The deal is composed of a sale leaseback on existing injection molding assets along with a lease line for new...
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October 18, 2023, 07:10 AM
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Encina Equipment Finance (EEF) announced it has provided a $20 million loan to an automobile repair company for the purchase of various equipment for new store locations. EEF was represented by Reed Smith LLP.Launched in June 2017, Encina Equipment...
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May 23, 2022, 07:18 AM
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eCapital Corp., a tech-enabled finance provider across North America and the UK, announced the recent closure of a $21 million working capital line of credit to a Southern California automotive company.Operating profitably in a competitive industry...
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May 23, 2022, 07:05 AM
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Wells Fargo Equipment Finance (WFEF), a Wells Fargo & Company subsidiary and Commercial Capital unit, announced Geoffrey Sale has joined its Automotive and Aerospace team as Division Sales Manager. Based in Detroit, Sale reports to John Crum, WFEF...
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February 05, 2019, 07:15 AM
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Onset Financial announced it has financed $15 million dollars in relatively unsecured international equipment. This company has experienced extraordinary growth over the past few years and this financing will help them strategically grow their...
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September 20, 2018, 06:50 AM
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Encina Equipment Finance announced it has provided a $10 million equipment lease line to an automotive component supplier. The facility is being used to refinance certain existing equipment leases and to fund new equipment purchases.Launched in June...
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June 14, 2018, 07:15 AM
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After more than a year of steady decline, machine tool order continued to rebound in June drivien by strong gains in the automotive and aerospace sectors, according to a report released by AMT – The Association For Manufacturing Technology. The...
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August 14, 2017, 07:12 AM
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With an intense battle for a leadership position in the autonomous vehicle market, U.S. automotive CEOs are stepping up investment in innovation, artificial intelligence (AI) and emerging technologies compared to their global peers, according to a...
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July 31, 2017, 07:05 AM
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White Clarke Group announced the publication of their latest Global Technology Report 2017 Auto Finance in the New Digital Ecosystem.
The report, and accompanying summary video, draws important conclusions from discussions between technology experts...
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February 09, 2017, 07:00 AM
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The total balance of open automotive loans climbed 11.1 percent in the first quarter of 2016, surpassing the trillion dollar mark for the first time on record, Experian Automotive announced today. According to the most recent State of the Automotive...
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May 20, 2016, 07:19 AM
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GE Capital has released a national survey of C-suite executives at middle market companies (ranging from $10 million -
Key Findings - The most significant insights to emerge from GE Capital’s survey of leaders of U.S. middle market firms...
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December 16, 2014, 06:58 AM
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Analysts with GA Advisory and Valuation Services LLC, a division of Great American Group, Inc., report that despite getting off to a slow start in 2014, the domestic automotive industry has proved to be a consistently strong sector of the U.S....
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August 27, 2014, 07:00 AM
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Huntington has announced that it is expanding its growing auto dealer financing business into Iowa and has added key personnel into the state to support the initiative. “Huntington Auto Finance continues to expand its auto finance business in key...
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September 25, 2013, 06:30 AM
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White Clarke Group, international consultancy and business solutions provider to the asset and automotive finance industry, has just published the definitive analysis of the current state of play for the U.S. Asset and Auto Finance industry. After...
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October 23, 2012, 06:51 AM
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According to results from the winter 2012 McGladrey Manufacturing and Distribution Monitor - a survey of middle-market manufacturing and distribution executives, which provides a unique look into the state of manufacturing on "Main Street" – the...
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March 07, 2012, 08:00 AM
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