ECN Capital Corp. and Skyline Champion Corporation announced they have entered into a share subscription agreement pursuant to which Skyline Champion has agreed to make an approximately $138 million equity investment in ECN Capital on a private...
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August 15, 2023, 07:22 AM
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ECN Capital Corp. announced it has initiated a review of strategic alternatives to maximize shareholder value.In response to interest that has been received by the company, ECN will evaluate the full range of alternatives to determine the best path...
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March 08, 2023, 07:05 AM
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ECN Capital Corp. announced it has closed its previously announced sale to funds managed by Stone Point Capital LLC of all of the issued and outstanding equity interests in ECN Kessler Holdco LLC, a wholly owned, indirect subsidiary of the Company...
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October 11, 2022, 07:05 AM
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ECN Capital Corp. announced it has entered into a definitive agreement with funds managed by Stone Point Capital LLC, a private equity firm focused on investing in financial services, to sell all of the issued and outstanding equity interests in ECN...
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August 25, 2022, 07:18 AM
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ECN Capital Corp. announced that the Toronto Stock Exchange (TSX) has recognized the company as part of its 2021 TSX30 Program. The TSX30 Program showcases the 30 top performing stocks on the TSX over the last three years based on dividend adjusted...
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September 16, 2021, 07:00 AM
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ECN Capital Corp. announced it has entered into a definitive agreement with Truist Bank, the wholly owned bank subsidiary of Truist Financial Corporation, to sell all of the issued and outstanding equity interests in each of Service Finance Company...
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August 11, 2021, 07:11 AM
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ECN Capital Corp. reported its financial results for the three-month period and year ended Dec. 31, 2020. For the quarter, ECN Capital reported adjusted net income applicable to common shareholders from continuing operations of $19.7 million versus...
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March 01, 2021, 07:15 AM
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ECN Capital Corp. reported its financial results for the three-month period ended Sept. 30. Adjusted net income applicable to common shareholders from continuing operations of $23.3 million versus $17.0 million for the previous three-month period...
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November 13, 2020, 07:11 AM
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ECN Capital Corp. reported financial results for the three-month period ended June 30. It adjusted net income applicable to common shareholders from continuing operations of $17.0 million versus $14.5 million for the previous three-month period ended...
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August 13, 2020, 07:20 AM
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ECN Capital Corp. announced its wholly owned subsidiary, Triad Financial Services, Inc. has been approved as a qualified mortgage seller and servicer by Freddie Mac (FMCC). According to the Manufactured Housing Institute, manufactured housing...
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June 02, 2020, 07:00 AM
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ECN Capital Corp. reported its financial results for the three-month period ended March 31. The company reported adjusted net income applicable to common shareholders from continuing operations of $14.5 million in the first quarter versus $18.5...
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May 15, 2020, 07:22 AM
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ECN Capital Corp. announced its’ operating subsidiary, Service Finance, has renewed its largest bank funding commitment. Over the next 12 months, this bank partner is committed to purchasing up to $600 million in Service Finance prime and super prime...
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March 20, 2020, 07:10 AM
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ECN Capital Corp. reported its fourth-quarter and 2019 financial results. For the three-month period ended Dec. 31, 2019, ECN Capital reported adjusted net income applicable to common shareholders from continuing operations of $18.5 million versus...
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February 27, 2020, 07:24 AM
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ECN Capital Corp. reported its financial results for the third quarter. For the three-month period ending Sept. 30, ECN Capital reported adjusted net income applicable to common shareholders of $18.2 million versus $16.6 million for the second...
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November 08, 2019, 07:25 AM
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ECN Capital Corp. reported adjusted net income applicable to common shareholders of $16.6 million for the second quarter ended June 30 versus $5.6 million for the same period last year.Originations for the three-month were $598 million versus $419.2...
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August 08, 2019, 07:20 AM
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ECN Capital Corp. reported financial results for the first quarter. The company reported adjusted net income applicable to common shareholders of $12.6 million versus a loss of $2 million for the same period last year.“ECN had a solid Q1 across the...
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May 09, 2019, 07:30 AM
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ECN Capital Corp. during its annual meeting of shareholders announced the retirement of Grier Colter as Chief Financial Officer. The company also announced the appointment and promotion of Michael Lepore, Senior Vice President, Controller, to the...
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March 27, 2019, 07:15 AM
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ECN Capital Corp announced it has closed the previously announced sale of substantially all of its remaining rail finance assets to GATX Corporation.ECN Capital in November 2018 announced it had entered into a definitive agreement to sell the...
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January 10, 2019, 07:15 AM
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ECN Capital Corp. reported Adjusted Net Income applicable to common shareholders of $21.3 reported financial results for the three-month period ending Sept. 30, up from $12.8 million a year ago.Originations for the three-month period ending Sept. 30...
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November 13, 2018, 07:15 AM
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ECN Capital Corp. announced it has closed the sale of Element Rail Leasing I (ERL I) representing approximately 55 percent of its rail finance portfolio to affiliates of Trinity Industries Leasing Company on the terms previously announced.ECN Capital...
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October 18, 2018, 07:05 AM
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ECN Capital Corp. announced it has entered into an agreement to sell railcar assets to affiliates of Trinity Industries Leasing Company for proceeds of $360 million. Including transaction costs, the total after-tax loss will be approximately $29...
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September 25, 2018, 07:25 AM
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ECN Capital Corp. reported its financial results for the three-month period ending June 30. The company posted adjusted net income applicable to common shareholders of $13.4 million compared with $8 million for the same period last year.Originations...
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August 13, 2018, 07:06 AM
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ECN Capital Corp. announced it has completed its strategic investment in The Kessler Group on the terms previously announced. ECN Capital this month announced it signed a definitive agreement to invest $221.2 million in KG.“I am excited to begin this...
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June 01, 2018, 07:25 AM
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ECN Capital reported financial results for the three-month period ending March 31, 2018. Readers should note that as of January 1, 2018, the Company changed its presentation and functional currency from Canadian dollars to U.S. dollars. In addition...
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May 14, 2018, 07:25 AM
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ECN Capital Corp. announced it has entered into a definitive agreement to make a strategic investment in The Kessler Group (KG). Under the terms of the agreement, ECN Capital will invest $221.2 million in KG. This investment represents a significant...
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May 11, 2018, 07:20 AM
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ECN Capital Corp. announced that it has completed the previously announced sale of the Company’s Canadian Commercial and Vendor (C&V) Finance assets to CWB Financial Group.“We are pleased to close this transaction on schedule on the terms previously...
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February 01, 2018, 07:02 AM
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ECN Capital announced it has closed the acquisition of Triad Financial Services, Inc. (“Triad”) on the terms previously announced.“As the CEO of Triad, I am excited for this partnership and next chapter in our business,” said Don Glisson, Jr....
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January 02, 2018, 07:10 AM
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ECN Capital Corp. announced that it has entered into an automatic securities purchase plan (the “Plan”) with a designated broker in order to facilitate repurchases of its outstanding common shares (the “Common Shares”) in connection with its...
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December 22, 2017, 08:00 AM
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ECN Capital Corp. announced that it has entered into a definitive agreement with Canadian Western Bank to sell all of the Company’s Canadian Commercial and Vendor (“C&V”) Finance assets for cash proceeds of approximately C$900 million, representing a...
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October 31, 2017, 07:15 AM
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ECN Capital announced that it has entered into a definitive agreement to acquire Triad Financial Services, Inc. (“Triad”). Under the terms of the agreement, ECN Capital will pay US$100 million (C$125 million) in cash for Triad. In addition, ECN...
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October 26, 2017, 07:10 AM
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ECN Capital Corp. announced that it has closed the sale of Rail Finance Assets (Element Rail Leasing II) to an investment vehicle managed by Napier Park Global Capital US LP on the terms previously announced. “We are pleased to close on this...
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September 27, 2017, 07:02 AM
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ECN Capital announced that it has closed the acquisition of Service Finance Holdings, LLC (“Service Finance”) on the terms previously announced.“As a founder of Service Finance, I am excited by the immediate benefits of our strategic partnership with...
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September 08, 2017, 07:04 AM
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ECN Capital Corp. announced that it has entered into agreements to sell $1,487 million of Railcar Assets to affiliates of ITE Management L.P. and Napier Park Global Capital for proceeds of approximately $1,439 million (collectively, the “Railcar...
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August 09, 2017, 07:10 AM
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ECN Capital announced that it has entered into a definitive agreement to acquire Service Finance Holdings, LLC ("Service Finance"). Under the terms of the agreement, ECN Capital will pay C$410 million (US$304 million) in cash for Service Finance. In...
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June 08, 2017, 07:15 AM
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Acasta Enterprises announced that Stellwagen Group, Acasta’s leading commercial aviation finance advisory and asset management business, has closed its previously announced acquisition of ECN Capital’s Commercial Aviation advisory and asset...
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June 02, 2017, 07:10 AM
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ECN Capital Corp. announced that on May 11, at the ECN Capital Board of Directors meeting, Jim Nikopoulos was promoted to President of ECN Capital. Jim had previously served as Chief Operating Officer.“Jim has been instrumental in helping me execute...
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May 16, 2017, 07:30 AM
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ECN Capital Corp. announced that Donna Toth and Carol Goldman have been appointed to the Company’s board of directors to sit as independent directors effective April 10, 2017.Ms. Toth has been a Corporate Director of LOGiQ Asset Management Inc. since...
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April 11, 2017, 07:00 AM
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ENGS Commercial Finance announced that Christopher Kelly has joined the company as the Director of Sales of its newly launched Construction Division. In this role, Mr. Kelly will be responsible to develop ENGS into a nationally recognized market...
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April 04, 2017, 07:19 AM
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ECN Capital announced today it has completed the previously announced sale of the company’s U.S. Commercial and Vendor (C&V) Finance business to PNC Financial Services Group (PNC) on the previously agreed terms. With the sale, ECN Capital is now a...
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April 04, 2017, 07:15 AM
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ECN Capital Corp. announced the appointment of Grier Colter as Chief Financial Officer, succeeding Michel Béland.Mr. Colter, 43, initially joined ECN Capital as Executive Vice President, Finance in January 2017, bringing over 20 years of finance...
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March 16, 2017, 07:12 AM
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ECN Capital Corp. (“ECN Capital” or the “Company”) reported financial results for the three-month period and fiscal year ending December 31, 2016. Readers should note that in this release, amounts reported for the comparable quarters ended September...
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March 08, 2017, 07:15 AM
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ECN Capital Corp. announced that it has entered into an agreement with PNC Financial Services Group (PNC) to sell the Company’s US Commercial and Vendor (C&V) Finance business for cash proceeds of approximately US$ 1.253 billion. PNC will purchase...
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February 22, 2017, 07:40 AM
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ECN Capital announced that it has appointed Michel Béland to the position of Chief Financial Officer of the Company effective immediately.Mr. Béland has served continuously as the Chief Financial Officer of Element Financial Corporation since July...
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January 10, 2017, 07:15 AM
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Element Fleet Management announced the appointment of Samir Zabaneh as Chief Financial Officer of the Company effective immediately.“I welcome Samir Zabaneh as a valuable addition to Element’s Executive Leadership Team. Samir brings significant...
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January 10, 2017, 07:00 AM
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ECN Capital Corp. reported that the Company’s CEO, Steven Hudson, has purchased $18.2 million in ECN Common Shares in the open market at an average price of $2.88 per share. He also exercised previously vested options to purchase 300 thousand common...
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November 22, 2016, 07:03 AM
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ECN Capital Corp. reported financial results for the three-month and nine-month periods ending September 30, 2016. The Company’s results for the period were reported as distributed operations of Element Fleet Management Corp. (formerly Element...
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November 15, 2016, 07:07 AM
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Steven Hudson, Chief Executive Officer of Element Financial Corporation, is this year’s Entrepreneur Of The Year™ Ontario winner.“Steven’s originality and innovation shines through in all he does,” says Paula Smith, EY partner and Entrepreneur Of The...
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October 31, 2016, 07:17 AM
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ECN Capital Corp. announced that by mutual agreement, INFOR Acquisition Corp. (“IAC”) and ECN Capital have terminated the previously announced qualifying transaction that would have resulted in the acquisition of all of the outstanding shares of IAC...
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October 13, 2016, 07:25 AM
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Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the...
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October 04, 2016, 07:03 AM
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Element Financial Corporation announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”) targeted for closing on...
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July 26, 2016, 07:18 AM
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