Corporate AcquisitionsEquipment FinanceTransportation

Fleet Complete Continues Global Expansion with Acquisition of CSI Fleet

Acquisition of a leading Mexican telematics provider accelerates recent expansion into Mexico TORONTO, ON–Fleet Complete, the fastest-growing provider of IoT solutions in the connected commercial vehicle space, announced today its acquisition of Centro de Soluciones Inalámbricas (CSI), a leading fleet telematics player in Mexico. Terms of the transaction were not …

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Equipment FinanceTelematics

Vecima Networks Selected for Fleet Management Solution by the City of Saskatoon

VICTORIA, BC–Vecima Networks Inc’s Telematics Division has been awarded a contract with the City of Saskatoon for its fleet management solution. Using Vecima’s state-of-the-art Nero Global Tracking telematics solution, the City will be able to monitor, manage, and make informed decisions for their fleet of over 1,000 powered and unpowered …

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Canadian Equipment Finance Winter 2019 IssueEquipment Finance

Turning to low-carbon solutions

By Dana Krechowicz Agriculture and mining are on the front lines of climate change. Why? First, they depend on predictable climatic conditions to ensure stable outputs and operations. Climate change is making it harder for farmers and mining companies to predict operating conditions, which adds additional risks and costs to …

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Canadian Equipment Finance Winter 2019 IssueEquipment Finance

What’s in store post-election?

By Brendan Read What impacts could the Oct.21 federal election that resulted in a Liberal minority government have on Canada’s asset-backed lending sector? Canadian Equipment Finance reached out to the C.D. Howe Institute for answers, insights and recommendations. Here they are, from Farah Omran, policy analyst and Jeremy Kronick, associate …

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Canadian Equipment Finance Winter 2019 IssueEquipment Finance

New textbook on lease accounting

A new textbook on lease accounting by industry authority Shawn Halladay, managing director of the Professional Development Practice, The Alta Group, is now available. Accounting for Leases: Embracing the New Paradigm provides valuable guidance to both U.S. and international lessors and lessees by covering the many commonalities between ASC 842, …

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Canadian Equipment Finance Winter 2019 IssueEquipment Finance

How tech and flexibility helps farmers

By Curtis Gulka As winter befalls the Canadian landscape, our agriculture customers are working on their businesses. Despite snow-covered fields, winter isn’t an off-season for farmers. Heck, some of them are still harvesting. Beyond that, there’s equipment to maintain and decisions to make, especially when it comes to gearing up …

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Canadian Equipment Finance Winter 2019 IssueEquipment Finance

Foundation U.S. Report: Cash on hand, interest rates, lowered U.S. financing share

US Market Report The vast majority of American end-user businesses (79 per cent) relied on financing for at least part of their equipment and software acquisitions last year. But underlying this figure is a decline in the propensity to finance equipment investment, according to a new study, the 2019 Equipment …

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Equipment FinanceFinancial Results

Chesswood Announces Results for the Third Quarter 2019

TORONTO, ON–Chesswood Group Limited announced results for the third quarter and nine-months ended September 30, 2019. Through three wholly-owned subsidiaries in the U.S. and Canada, Chesswood Group Limited is North America’s only publicly-traded commercial equipment finance company focused on small and medium-sized businesses. The third quarter was an exceptionally busy …

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Canadian Equipment Finance Fall 2019 IssueEquipment Finance

Understanding and Executing eSignatures Efficiently

by Aaron Seaton The execution of legal and administrative documents within lending and asset-based finance is a common task, which can be especially voluminous in equipment finance transactions. These documents are important, but they often lead to massive back-and-forth activities between lenders, obligors and guarantors. One of the big reasons …

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Equipment FinanceLeadership

Mercedes-Benz Financial Services Canada makes Management Changes

MISSISSAUGA, ON–Mercedes-Benz Financial Services (MBFS) Canada Corporation, a leading financial services provider and a company of Daimler Mobility AG, is pleased to announce the appointment of James Ryan as President and CEO of the organization. In this role, he will lead the Canadian divisions of Mercedes-Benz Financial Services and Daimler …

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