ECN Capital - M&A Summary and Business Overview

Financial ServicesCompany

ECN Capital M&A Summary

ECN Capital has acquired 2 companies. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

ECN Capital’s largest acquisition to date was in 2017, when it acquired Service Finance for $304M. It’s largest disclosed sale occurred in 2021, when it sold Service Finance to Truist Financial for $2.0B. ECN Capital has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

ECN Capital Business Overview

Where is ECN Capital headquartered?

ECN Capital is headquartered in Toronto, Ontario.

What is ECN Capital’s revenue?

ECN Capital disclosed revenue of 160M USD for 2023 and 197M USD for 2022.

How many employees does ECN Capital have?

ECN Capital has 580 employees.

What sector is ECN Capital in?

ECN Capital is a financial services company.

When was ECN Capital founded?

ECN Capital was founded in 2016.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity2
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

ECN Capital

ECN Capital Corp.

Commerce Court West Suite 4000 199 Bay Street,
Toronto, Ontario M5L 1A9
Canada,
(416) 646-4710
www.ecncapitalcorp.com

ECN Capital is a commercial finance company operates across North America in three verticals of the commercial finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance). ECN Capital was founded in 2016 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $404M $404M
Sell (0.6/yr) # 1 - 1 1 - 1 4
vol $2.0B $210M $2.2B
  6

Most Recent M&A

Company Date Value Type
Red Oak Inventory Finance 2024-03-22 - Divestiture
Alpharetta, Georgia · www.redoakinventoryfinance.com
Onboard Partners LLC 2022-08-24 210M USD Divestiture
Boston, Massachusetts · www.onboardpartners.com
Service Finance Co. LLC 2021-08-10 2.0B USD Divestiture
Boca Raton, Florida · www.svcfin.com
Triad Financial Services, Inc. 2017-10-25 100M USD Add-on Acquisition
Jacksonville, Florida · www.triadfs.com
Service Finance Co. LLC 2017-06-08 304M USD Add-on Acquisition
Boca Raton, Florida · www.svcfin.com
ECN Capital Corp. - U.S. Commercial, Vendor Finance Business 2017-02-21 - Divestiture
Horsham, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 404M (100%) 4 (100%) 2.2B (100%)
Total 2 $404M 4 $2.2B

By Geo

State/Country Buy Value Sell Value
United States 2 404M 4 2.2B
  Florida 2 404M 1 2.0B
  Pennsylvania - - 1 -
  Massachusetts - - 1 210M
  Georgia - - 1 -
Total 2 $404M 4 $2.2B

Top M&A Advisors

Financial Deals
CIBC Capital Markets
 1
Macquarie Capital
 1
BMO Capital Markets
 1
Legal Deals
BakerHostetler
 2
Cravath, Swaine & Moore
 1

Deal Values

buy # Total
$100M to $1B 1 $304M
< $100M 1 $100M
TOTAL $404M
Largest Service Finance Co. LLC
$304M (2017-06-08)
sell # Total
> $1B 1 $2.0B
$100M to $1B 1 $210M
TOTAL $2.2B
Largest Service Finance Co. LLC
$2.0B (2021-08-10)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Financial Services

Revenue

160   19% 2023
197   65% 2022
120   19% 2021
147   41% 2020
248   26% 2019
197   35% 2018
147   50% 2017
294   73% 2016
170   26% 2015
135   2014
(millions of USD) Show More Show Less

Employees

580

Established

2016

Public

Toronto (TSX): ECN

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