ITASCA, IL – December 4, 2018 – ENGS Commercial Finance Co. (”ENGS”), an industry leading commercial finance company, is pleased to announce that it has closed on the sale of all shares of ENGS to Mitsubishi UFJ Lease & Finance Company Limited (“MUL”). MUL is a prominent global leasing company headquartered in Tokyo and its […]
ENGS Commercial Finance Acquired by Mitsubishi UFJ Lease & Finance
ENGS Commercial Finance announced its shareholders, led by Aquiline Capital Partners, a New York-based private equity firm investing in financial services, have entered into an agreement to sell all shares of ENGS to Mitsubishi UFJ Lease & Finance Company(MUL). MUL is a prominent global leasing company headquartered in Tokyo and its principal shareholders include Mitsubishi Corporation, a […]
ENGS Commercial Finance Reaches Landmark Origination Milestone
ENGS Commercial Finance reached a significant milestone of funding $113 million in Q1/2018, representing 33% year-over-year growth, the highest origination quarter in the company’s history. “We are thrilled with our continued growth as an industry leader in the commercial finance market,” said Craig Weinewuth, president and CEO of ENGS. “Funding in excess of $100 million […]
ENGS Commercial Finance Closes $225.4MM Equipment Securitization
ENGS Commercial Finance closed a $225.4 million equipment securitization on March 22, 2018 through ENGS Commercial Finance Trust 2018-1. This is ENGS’ third securitization transaction since 2015, collateralized by a segregated pool of commercial loan contracts primarily financing commercial trucks and trailers. The securitization included classes of notes rated AAA(sf) to BB(sf) by DBRS, based on, […]
ENGS Commercial Finance Reaches 100K Credit Applications
ENGS Commercial Finance reached a significant milestone, processing more 100,000 credit applications since June 2013, when the company began tracking the number of applications received. “This is a proud accomplishment and illustrates the tremendous effort our entire team puts forth every day to process these credit applications on a timely basis for our customers and vendor […]