Platinum Equity
Acquires NESCO
Platinum Equity acquired
fleet equipment rental
company NESCO, a
provider to the electrical
transmission and
distribution market, from
an investor group led by
and Hammond, Kennedy,
Whitney. NESCO founder
and CEO Rob Troxel will
retain an ownership stake
in the business.
Titan Machinery to
Acquire Van Der Werff
Implement
Titan Machinery entered
into an agreement to
acquire Van Der Werff
Implement, a Case IH and
New Holland agriculture
equipment dealership
located in Platte, SD. In
its most recently reported
fiscal year, Van Der Werff
Implement generated
about $9 million revenue.
SunGard Creates
Ambit Asset Finance
With Acquisition
SunGard acquired
Northern Arch’s 42
solution, a global
leasing and financing
process management
solution. The acquisition
creates a new business
within SunGard for
asset finance and
leasing. The new
organization will be
branded Ambit Asset
Finance.
American EF Joins
Ascentium Capital
Ascentium Capital merged
with American Equipment
Finance and appointed
Richard A. Baccaro as EVP
of Sales and Marketing
responsible for managing
the sales operations of
Ascentium Capital. Len
Baccaro was named SVP
of Sales responsible for
direct originations in the
petroleum, convenience
store, car wash and
franchise industries.
PROGRAM AGREEMENTS
CNH, DLL START RETAIL FINANCING PROGRAM
IN RUSSIAN FEDERATION
CNH GLOBAL subsidiaries CNH International and CNH-KAMAZ Commerce entered into an enhanced program
agreement with De Lage Landen to provide customers in the Russian Federation with competitive retail
finance programs, which will be offered under the CNH Capital name. The activity will be run collaboratively
and managed by an executive committee comprising equal representation.
The financing program, which will be operational from the beginning of 2012, will be staffed by a
dedicated sales team that will work closely with CNH’s four brands: New Holland Agriculture, New Holland
Construction, Case IH and Case Construction Equipment, their dealers and their customers.
CNH and De Lage Landen first established their relationship in Poland in 2007. On the back of the
success of this collaboration, the two companies turned their attention to the Russian market, where they
established a standard vendor program agreement in 2010. This new enhanced program agreement replaces
the previous one, extending the opportunities for the two partners and offering operators in the agricultural
and construction equipment industries competitive retail financing plans.
“I am very pleased to see this relationship expanding further into the Central and Eastern Europe region,”
commented Frans Janssen, SVP CEE region De Lage Landen. “CNH is a key partner and we expect continued
success in the Russian market. While the vendor lease model is unique in Russia, the completion of this
agreement proves that our efforts are working and vendors are seeing the benefit that partnership financing
can bring to their sales.”
Carlo Alberto Sisto, senior director Trade Finance CNH International, added, “We are very pleased with
the new agreement with De Lage Landen, which will expand the offer of financing programs available under
the CNH Capital name. Our collaboration with them, both in Poland and in the Russian Federation, has been
extremely positive for us, and I have no doubt that this new, enhanced agreement will be of mutual benefit
for our companies and for our customers.”
“This agreement aims at improving the level of service offered to our customers,” concluded Mario
Gasparri, general manager of CNH International. “By making available dedicated financial packages and
tailored options to meet our customers’ business requirements, this agreement will increase their buying
power and the competitiveness of our brands’ reliable equipment and high productivity technologies.” n
MORE LIQUIDITY OPTIONS FOR LEASE ORIGINATORS.
Our custom lending solutions have helped leasing companies get
the liquidity they needed, and we can do the same for you.
Participations and syndicated lease purchases
Warehouse lines
Non-recourse and recourse transactions
Contact TAB Bank’s VP of Equipment Leasing
Mike Coon at 616.433.1449 or mike.coon@tabbank.com
tabbank.com/leasepurchase
