Announced
Financials
Tags
Private
equipment financing
United States
Acquisition
Friendly
Single Bidder
Leasing
Majority
Domestic
Pending
Synopsis
Civista Bancshares, a financial holding company, agreed to acquire Vision Financial Group, a full-service general equipment leasing & financing company, for $42m. "We are very excited to welcome VFG's customers, employees, and business partners to the Civista family. We have gotten to know the VFG team very well and admire the unique business that they have built over the past 30+ years. VFG's very strong market position in the equipment finance industry built upon their deep knowledge of specific strategically targeted industry sectors will provide Civista with many additional opportunities for growth. We look forward to collaborating with VFG's leadership team to enhance their lending platform and accelerate each other's growth," Dennis G. Shaffer, Civista CEO and President.
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