Announced
Completed
Financials
Tags
Single Bidder
Leasing
Acquisition
leases
Private
Domestic
Friendly
Majority
equipment leases
Canada
loans
Completed
Synopsis
TD Bank Group, a Canadian multinational banking and financial services firm, completed the acquisition of the Canadian Direct Equipment Finance business from Wells Fargo, an American multinational financial services company. Financial terms were not disclosed. "This acquisition enhances our position and competitiveness in Canada's Equipment Finance industry and will allow us to better serve a more diverse set of business customers who require customized financing services and leasing solutions. Our combined teams will bring seasoned expertise in equipment leasing and finance to deliver the strong value of tailored financing and leasing options to customers across Canada," Darren Cooke, TD Bank President.
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