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ECN Capital Completes Sale of U.S. Equipment Finance Business to PNC

April 04, 2017, 07:15 AM
Filed Under: Mergers & Acquisitions

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

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