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 more focused company.
As previously communicated, effective today, all US C&V Finance employees and office in Horsham, Pennsylvania have transitioned to PNC.
“This is a great business operated by amazing partners and we know it is in great hands with PNC,” said Steven Hudson, ECN Capital’s Chief Executive Officer.
Previously on Equipment Finance Advisor: ECN Capital to Sell U.S. Commercial, Vendor Finance Business to PNC