Two of Canada’s most experienced equipment finance companies - Canadian Equipment Finance & Leasing (CEFL) and PROVEN Financial Group - have joined forces to offer a coast-to-coast service in a joint venture called Canadian Equipment Finance (CEF).
Between CEFL, PROVEN, and its predecessors, the companies have collectively funded $2 billion in equipment finance transactions and will fund $200 million in their upcoming fiscal year.
Brent Keenan, managing partner (east), of the new company, said: “We are thrilled about bringing our two companies together to create a national brand.
“The potential going forward under the Canadian Equipment Finance brand is very exciting and this partnership will open many new opportunities for our company, as we solidify CEF as a national player.”