Member News

Industry Veteran Geoff Seely Named V.P. and G.M. of ARI Canada (April 11, 2018)

ARI, a leading global fleet services provider specializing in complex car and truck fleets, announced today that Geoff Seely has joined the organization as Vice President and General Manager for Canada. In his role, Seely will support ARI’s strategic growth in the Canadian market while providing additional leadership support throughout the organization. For more information, …read more

Axis Auto Finance Signs Definitive Agreement to Acquire Trend Financial Corp. and Announces the Appointment of Todd Hudson as CEO (March 9, 2018)

TORONTO, March 6, 2018 – Axis Auto Finance Inc. (TSXV:AXIS) (“Axis” or “the Company”), one of Canada’s fastest growing publicly-traded automotive finance companies, today announced that it has entered into a share purchase agreement to acquire Trend Financial Corp. (“Trend Financial”) for consideration of approximately $29.3 million (the “Transaction”). Axis plans to fund the transaction …read more

National Leasing and LeaseTeam Complete Rapid Turnaround on Major S.O.W. (March 6, 2018)

OMAHA, Neb., (March 6, 2018) – After CWB Financial Group’s recent portfolio acquisition from ECN Capital, National Leasing (NL), a subsidiary, connected with LeaseTeam, Inc. (LTi) to license technology that would allow it to service its share of the portfolio without disruption. As Canada’s largest and longest-running equipment finance company, NL knew it needed an …read more

Ritchie Bros. sells CA$60+ million of equipment in first Edmonton auction of 2018 (March 5, 2018)

Three-day auction attracts 8,500+ bidders to bid on 4,250+ items; 64% of items sold online EDMONTON, March 2, 2018 /CNW/ – Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 4,250 equipment items and trucks over three days (February 27 – March 1) for CA$60+ million (US$47+ million). …read more

National Leasing Completes Final Phase of Custom-Built Core System (March 2, 2018)

WINNIPEG, March 2, 2018 – Last week, National Leasing launched the third and final phase of its new core system, a multi-year, in-house project. For more information, see document below. Related Document(s): Title: National Leasing Completes Final Phase of Custom-Built Core System …read more

Michael Dubowec Named National Leasing President & CEO (February 16, 2018)

WINNIPEG, February 15, 2018 – National Leasing, a CWB Financial Group company, is pleased to announce the appointment of Michael Dubowec as its new president and CEO effective March 1, 2018. This follows the retirement of Tom Pundyk, National Leasing’s current president and CEO, who will stay on with the company as an advisor until …read more

CWB Financial Group completes strategic acquisition of equipment finance and leasing assets (February 1, 2018)

EDMONTON, Alberta, Jan. 31, 2018 (GLOBE NEWSWIRE) — CWB Financial Group (CWB) (TSX:CWB) today completed its previously announced acquisition of the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN). The equipment finance and leasing assets acquired are fully aligned with CWB’s balanced growth strategy, and the acquisition supports continued progress toward strategic …read more

Death of Kathy Ward (January 10, 2018)

It was with great sadness that we learned of the death of Kathy Ward on Christmas Eve.  Kathy was a driving force behind Canadian Black Book, a leading provider of “free car values, new/used car prices and vehicle listings.  Canada’s trusted resource for over 50 years.”  Canadian Black Book has long been a vital cog …read more

Mark Reichling Appointed President and CEO at DLL Canada (January 4, 2018)

De Lage Landen Financial Services Canada Inc. (DLL Canada) is pleased to announce that Mark Reichling has been appointed President and Chief Executive Officer, DLL Canada. Mark an industry veteran has held various positions of increasing responsibility with Key Equipment Finance Canada Ltd.  and The Toronto-Dominion Bank  amongst others.  He joined DLL Canada in 2010 …read more

Steve Akazawa Retires from Jim Pattison Lease (December 7, 2017)

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