National Leasing Acquires UMA Finance of New Brunswick
FREDERICTON, NEW BRUNSWICK -- (Marketwired) -- 07/02/14 -- National
Leasing Group Inc. (National Leasing) is pleased to announce its
acquisition of Norand Capital Ltd., operating as UMA Finance, a
privately held commercial leasing company headquartered in
Fredericton, New Brunswick. The acquisition, effective July 1, 2014,
advances National Leasing's Eastern Canada growth strategy and is
expected to benefit both companies. Additional terms of the
transaction were not released.
"We expect UMA Finance will meaningfully contribute toward our growth
objectives in Eastern Canada, especially in the forestry,
transportation and construction industries," says Tom Pundyk,
president of National Leasing. "National Leasing has been doing
business in Atlantic Canada since 1995, and the opportunity to
leverage the local expertise of the UMA Finance team will be a
tremendous enhancement to our current customer offerings in this
important growth region."
Led by Regional Sales Manager, Mark Roach, UMA Finance shares
National Leasing's commitment to providing the highest level of
customer service at the local level.
"We are excited to join National Leasing and leverage our combined
strengths to benefit our customers," adds Mark Roach. "We will be the
same local team providing the same local service, supported by the
power of National Leasing. Our employees will also benefit from
National Leasing's award-winning corporate culture and professional
development opportunities. This is a true win-win for everyone."
About National Leasing
National Leasing is Canada's equipment leasing expert. Through our
agriculture, medical, golf and turf, and commercial equipment
specialists, National Leasing provides a full range of financing
options to over 50,000 Canadian businesses. As a wholly-owned
affiliate of Canadian Western Bank (TSX: CWB) National Leasing is a
proud member of the CWB Group of companies.
About UMA Finance
Since 1988, UMA Finance has provided commercial clients with
expertise and responsive service that only local representatives can
deliver. From a small start-up firm acquiring their first piece of
equipment to a large industrial company with eyes on expansion, UMA
Finance guides customers every step of the way. With representatives
throughout Newfoundland and New Brunswick, UMA Finance is more than a
financial partner, they are a neighbour.
Communications Specialist, National Leasing
Office: 204-954-9000 ext. 2346
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