The Car and Truck Fleet and Leasing Management Magazine

GE Commercial Finance Completes Acquisition of CitiCapital's Transportation Financial Services Group

February 8, 2005

STAMFORD, CT — GE Commercial Finance announced on January 31 that it has completed its previously announced $4.6 billion acquisition of CitiCapital's Transportation Financial Services Group (CTFSG). The business will continue to be located in the greater-Dallas, Texas area and Toronto, Canada.CTFSG, which was a part of Citigroup, provides secured loans, and operating and finance leases for approximately 196,000 heavy and medium duty commercial trucks and trailers through a variety of customer channels, including truck and trailer dealers, commercial fleets and truck owners/operators. CTFSG has approximately 600 employees and serves more than 49,000 customers throughout North America.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

Thomas W. Beasley was a past president of the National Auto Auction Association

Read more

Up Next

More From The World's Largest Fleet Publisher