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Announced

Completed

Megill-Stephenson completed the investment in Sonoma Capital.

Synopsis

Megill-Stephenson, the holding company for the Chipman family of Winnipeg, completed the investment in Sonoma Capital, a coast-to-coast Canadian equipment finance lessor offering a full range of finance services. Financial terms were not disclosed. "We are excited about the opportunity to re-enter the equipment finance space through our partnership with Sonoma. Over the past few years, Sonoma has built an outstanding reputation for customer service, employee culture, and brokerage and lending relationships. Moreover, Sonoma shares many of the same values as Megill's other companies. We have full confidence in the senior leadership team as Sonoma embarks on its next stage of growth and we look forward to, once again, making our mark on the Canadian equipment finance scene," Jeoff Chipman, Megill Chairman.

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