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N.J.-based Marlin buys California equipment finance company
Posted on Thursday September 20, 2018
Marlin Business Services Corp. said it has completed its acquisition of fellow equipment financing company Fleet Financing Resources. Financial terms were not disclosed. Riverside, Calif.-based Fleet Financing specializes in the leasing and financing of both new and used commercial vehicles, with an emphasis on livery equipment and other types of commercial vehicles used by small businesses. In January 2017, Marlin acquired another equipment financing company, Horizon Keystone Financial, for an undisclosed price.
Marlin Completes Acquisition of Fleet Financing Resources
Posted on Wednesday September 19, 2018
Marlin (MRLN), a nationwide provider of capital solutions to small businesses, today announced that it has acquired Fleet Financing Resources, LLC (“FFR”), a leading provider of equipment finance credit products focused on the commercial vehicle market. Exact terms of the transaction were not disclosed but Marlin expects the transaction to be accretive to the Company’s full year 2018 earnings per share and to generate strong returns on invested capital by accelerating growth and further leveraging the Company’s fixed infrastructure costs. Founded in 2002, FFR specializes in the leasing and financing of both new and used commercial vehicles, with an emphasis on livery equipment and other types of commercial vehicles used by small businesses. Since its inception, FFR has provided financing solutions to over 4,300 businesses nationwide while originating over $650 million in leases and loans during that period.
Did Marlin Business Services Corp (NASDAQ:MRLN) Insiders Sell Their Own Shares?
Posted on Thursday September 06, 2018
Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. Marlin Business Services is one of United States’s small-cap stocksRead More...
Marlin Business Services Corp. Announces Departure of Chief Financial Officer
Posted on Tuesday September 04, 2018
Marlin Business Services Corp. (MRLN) (“Marlin” or the “Company”) announced that W. Taylor Kamp has left his position as Senior Vice President and Chief Financial Officer, effective today. Mr. Kamp will remain with Marlin as a consultant through the end of this year to assist in the transition of the Company’s finance and accounting functions. Mr. Kamp said, “I have valued my time at Marlin as its CFO and believe I have made meaningful contributions to its success.