Increase in Equipment Finance Consolidation After Major Player Sell-Off

Market conditions are ripe for new mergers and acquisitions in the equipment finance industry, as a slowdown in new equipment sales and the sell-off of significant assets by industry giant GE Capital Corp.  A substantial portion of GE’s assets have already been acquired by BMO Financial Group and Wells Fargo & Co., however such a large sell-off creates new M&A opportunities for smaller financial institutions to stay competitive.

Engs Chief Marketing Officer Jim Freund was interviewed by industry watcher Transport Topics, and his comments and more are available in the May 16 print issue and online article publication on Transport Topics News’ own site.