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Canada's Magazine for Financing & Leasing Executives

Aug 6, 2015

Patriot Equipment Finance expands into Canada

Toronto, ON-- Patriot Equipment Finance, LLC. is expanding and opening their first of several offices in Canada. This office will allow PEF to better serve existing and future clients in a market where they already had many existing relationships.

"This is an important move for PEF as it demonstrates our commitment to serving North America and it will ensure that PEF is committed to providing an infield relationship to our Canadian clients" said Anthony Salm, president and managing director of Patriot. "PEF is committed to our core belief that our company will be a trusted advisor in the industries we serve when it comes to providing tailored equipment finance solutions."

In conjunction with the new office opening, PEF is announcing Claudio Mancuso as the new Managing Director, Canada, based out of the new Toronto operation. "Claudio is a former CEO, CFO and Vice President, Treasurer of public companies and has raised billions of dollars in the open credit markets. He has overseen both lease and debt financing, and understands the challenges a Financial Manager/CFO faces each and every day. His extensive capital markets experience gives us valuable insight on how our solutions can better serve our clients especially in the construction and mining markets," explains Mr. Salm. "Claudio will be responsible for building a staff in Canada and growing and building on our existing relationships to better serve the equipment finance needs of Canadian domiciled companies".

PEF has built a formidable business in a very short time starting in January of 2015. Clients benefit from PEF's expertise in structuring highly complicated equipment lease solutions that allow customers to benefit from both funding transactions from its private equity, as well as its expertise in matching wholesale capital to credit quality in the vertical markets they serve.




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