M&A Deal Summary

TCF Equipment Finance Inc Acquires VGM Leasing

On March 23, 2004, TCF Equipment Finance Inc acquired financial services company VGM Leasing

Acquisition Highlights
  • This is TCF Equipment Finance Inc’s 2nd transaction in the Financial Services sector.
  • This is TCF Equipment Finance Inc’s 2nd transaction in the United States.
  • This is TCF Equipment Finance Inc’s 1st transaction in Iowa.

M&A Deal Summary

Date 2004-03-23
Target VGM Leasing
Sector Financial Services
Buyer(s) TCF Equipment Finance Inc
Deal Type Add-on Acquisition

Target

VGM Leasing

Waterloo, Iowa, United States
VGM Leasing, Inc. provider of equipment finance, primarily in the home health care industry. It was one of 18 companies affiliated with the VGM Group of companies serving primarily the home health care industry.

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Buyer(S) 1

Buyer

TCF Equipment Finance Inc

Minnetonka, Minnesota, United States

Category Company
Founded 1999
Sector Financial Services
DESCRIPTION

TCF Equipment Finance provides leasing and equipment financing products and solutions to businesses, vendor partners, and franchise organizations in the United States.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Iowa M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-15 First Commercial Capital

Eden Prairie, Minnesota, United States

First Commercial Capital Corp.is a leasing and equipment financing company that generated $20 million in lease originations in 2000.

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