Latest news with #PEACSolutions
Yahoo
30-07-2025
- Business
- Yahoo
PEAC Solutions' senior VP Tibor Horvath to retire
PEAC Solutions has disclosed the forthcoming retirement of Tibor Horvath from his role as the senior vice-president of the company's construction, transportation, and industrial (CT&I) division. With a career in equipment finance spanning more than 40 years, Horvath will be stepping down from his full-time position but will maintain ties with PEAC Solutions as a consultant, with a focus on enhancing the material handling and forklift sectors. Since joining the company in 2022 during its expansion phase, Horvath contributed by building vendor partnerships for driving growth within the CT&I sector, with business volume escalating from $125m in 2022 to $340m by 2025. His role was also crucial in expanding the company's network, adding over 20 new vendor partners. PEAC global CEO Bill Stephenson said: "I have had the pleasure of working with Tibor for many years. His knowledge, leadership, and strong work ethic have played a crucial role in establishing PEAC Solutions as a leader in the construction industry. 'Less than three years ago, when we launched PEAC, we had minimal visibility or presence in the market. Thanks to Tibor's dedication, we are now recognised as one of the leading global leasing companies in this sector." Before his time at PEAC Solutions, Horvath held senior positions at various international finance institutions. PEAC Solutions operates as a global asset finance platform, offering financial products to a diverse clientele in the equipment manufacturing, distribution, and dealership sectors. The company's services span across North America, Europe, and the UK, facilitating the acquisition of equipment through leases and loans. Earlier this month, PEAC Solutions completed its acquisition of ePlus's domestic subsidiaries, expanding its presence across the US. "PEAC Solutions' senior VP Tibor Horvath to retire" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
04-07-2025
- Business
- Yahoo
PEAC Solutions completes acquisition of ePlus Finance subsidiaries
PEAC Solutions, the multinational asset finance platform, has confirmed the completion of its acquisition of the domestic subsidiaries of ePlus inc., for an undisclosed amount, marking a significant step in its strategic expansion across the United States. The transaction, originally announced earlier this year, formally closed on 30 June 2025. Under the terms of the deal, Marlin Leasing Corporation, trading as PEAC Solutions, acquired the key entities that comprised the bulk of ePlus's Finance Segment. The move is expected to bolster PEAC's growing IT finance portfolio and broaden its reach within the US Federal, State and Local government sectors. 'This transaction represents a strong strategic fit,' said William Stephenson, Global CEO of PEAC Solutions. He added that the company is 'pleased to formally welcome the ePlus Finance team' and remains committed to 'the continued growth and success of this collaboration'. ePlus Finance customers and partners will continue working with many of their existing relationship contacts, PEAC noted, while gaining access to a wider range of financing structures and asset classes. PEAC Solutions operates across North America, Europe and the United Kingdom, offering finance solutions to equipment manufacturers, dealers and distributors. The firm focuses on flexible leasing and lending products tailored to business growth and operational efficiency. "PEAC Solutions completes acquisition of ePlus Finance subsidiaries" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
PEAC Solutions to acquire ePlus Finance to enhance leasing capabilities
Asset finance provider PEAC Solutions has agreed to acquire ePlus Finance, ePlus' US financing business. Financial terms of the transaction were not disclosed. The ePlus Finance team focuses on providing tailored financing and leasing options for the US Federal, state, and local government entities, alongside direct and vendor-initiated leasing for enterprise clients. Expected to close within the next 60 days, the acquisition is subject to various terms and conditions outlined by ePlus. It is expected to enhance PEAC Solutions' expanding IT finance operations, strengthening its expertise and capabilities in serving all levels of the US government sectors. PEAC Solutions global CEO William Stephenson said: 'By combining PEAC Solutions' finance capabilities with the specialised knowledge and relationships from ePlus Finance, we will be able to further enhance the value that we deliver to both our vendor partners and customers. 'We see this collaboration driving significant growth in new business, which will further validate PEAC Solution's position as one of the top independent lessors in the US market.' ePlus Group president Chad Fredrick added: 'The ePlus Finance team has decades of experience serving Federal, State and Local markets. By joining forces with PEAC Solutions, we will further deepen our presence in these sectors while also expanding our commercial offering. 'This partnership enhances our ability to deliver a more sophisticated and scalable platform to better serve our partners and customers.' PEAC Solutions provides finance solutions to equipment manufacturers, distributors, and dealers across diverse industries and asset classes. The company operates in the UK, Europe, and North America. Earlier this month, PEAC Solutions launched its Green Asset Finance framework in collaboration with the Carbon Trust. This initiative offers clients products to fund eligible assets, including clean transportation, energy-efficient machinery, recycling facilities, and assets supporting pollution control or the circular economy. "PEAC Solutions to acquire ePlus Finance to enhance leasing capabilities " was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
PEAC Solutions signs up to Acquis Lumia's platform for asset finance monitoring
Asset finance provider PEAC Solutions has joined the Acquis Lumia platform to enhance risk management. The platform is an industry-wide register aiming to mitigate risk and enhance financial transparency by enabling monitoring of asset finance agreements. By integrating with Lumia, PEAC Solutions can better detect irregular borrowing activities, safeguarding against fraud and improving credit decision-making. Launched in 2022 by Acquis Data Services, Acquis Lumia offers lenders a view of live asset finance commitments. The platform aims to provide an up-to-date overview, assisting lenders in managing risks effectively. Known for offering financing solutions to equipment manufacturers, distributors, dealers, and customers, PEAC Solutions is said to be the UK's tenth-largest lessor and the largest independent lessor. Earlier this month, PEAC Solutions launched its Green Asset Finance framework, developed in collaboration with the Carbon Trust. This framework provides clients with products to fund eligible assets, including clean transportation, energy-efficient plants, recycling facilities, and assets supporting pollution control or the circular economy. PEAC Solutions credit director Justin Jacobs said: 'We have worked with Acquis since 2019, and we have built a great working relationship with the team, so signing up to Lumia was a natural next step for us as we look to build a more collaborative asset finance environment. 'Fraud continues to become more and more sophisticated, and it is essential that we stay ahead by leveraging collaborative industry tools like Lumia.' Acquis Data Services director James Rudolf said: 'We're thrilled to have PEAC Solutions on board the Lumia platform. 'With 39 companies signed up, the power of this platform is growing each day, and the potential for further collaboration, using Lumia as a basis, is a really exciting prospect.' Last month, Allica Bank became the 38th organisation to adopt the Lumia platform for monitoring asset finance. "PEAC Solutions signs up to Acquis Lumia's platform for asset finance monitoring" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
PEAC Solutions unveils Green Asset Finance framework
PEAC Solutions, a multinational asset finance platform, has introduced its Green Asset Finance framework. The solutions were developed in partnership with global climate consultancy the Carbon Trust. The framework offers its clients access to a suite of products to fund eligible assets including clean transportation, energy-efficient plants and machinery, recycling facilities, and assets supporting pollution control or the circular economy. PEAC Solutions managing director Steve Bolton said: 'At PEAC, we are committed to play our part in tackling the environmental challenges we all face, so we are proud to have collaborated with the Carbon Trust on this Green Asset Finance Framework. 'By funding products under the framework, we are financing assets that help our customers achieve their business and environmental goals with equipment that has a confirmed positive environmental impact.' Operating across the UK, Europe and the US, PEAC Solutions is a top ten lessor in the UK. The company provides financial solutions to equipment manufacturers, dealers and direct customers across various industries and asset classes. As of July 2024, PEAC's global lease portfolio exceeded $5.4bn (£3.99bn). Carbon Trust senior manager Toby Kwan said: 'The Carbon Trust was pleased to be able to support in the development of PEAC's Green Financing Framework. Green asset finance is an important factor in supporting and driving sustainable growth. 'The framework is aligned with best market practices including the EU Taxonomy, Climate Bonds Standard and ICMA Green Loan Principles – allowing PEAC to assess its financing and mobilise capital in a way that contributes to a sustainable, environmentally responsible future.' Last month, PEAC Solutions named Eileen Schoonmaker as president of the Americas, effective 16 June 2025. At the same time, the asset finance provider collaborated with Crane Payment Innovations (CPI), a Crane NXT company, to provide rental schemes for CPI's convenience services. "PEAC Solutions unveils Green Asset Finance framework" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
