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In the Marketplace

By ALM Staff | Law Journal Newsletters |
March 29, 2012

Hertz Equipment Rental Co. of Park Ridge, NJ, has acquired Arpielle Equipment Co., Inc., a New York based rental company, which is focused on rentals to the construction and industrial markets. The metropolitan NYC equipment rental market exceeds $1.3 billion, and it is anticipated that Arpielle will generate incremental revenues of approximately $25 million in year one. Hertz Equipment Rental Corporation is a wholly owned subsidiary of The Hertz Corporation.

Gibraltar Business Capital LLC of Northbrook, IL, a provider of asset-based loans and factoring solutions for small- and medium-sized businesses, has acquired Greenfield Commercial Credit LLC, a provider of working capital financing solutions and asset-based loans in the Midwest. Gibraltar will now have resources in Chicago, New York, Houston, Los Angeles, Detroit and Atlanta focused on providing asset-based loans and factoring solutions to borrowers seeking financing of $100,000 to $5 million. Greenfield is headquartered in Bloomfield Hills, MI.

Republic Airways Holdings, Inc. of Indianapolis has named Ethan Blank as vice president and corporate counsel for the company and its subsidiaries. Blank was most recently a partner in the law firm of Ober, Kaler, Grimes & Shriver, P.C. in Baltimore. His background includes a variety of airline industry transactions including loans, leases and leveraged leases of aircraft; private placements with aircraft and equipment collateral; and securitizations of aircraft lease receivables and airline working capital financings. Republic Airways Holdings is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America.

Hertz Equipment Rental Co. of Park Ridge, NJ, has acquired Arpielle Equipment Co., Inc., a New York based rental company, which is focused on rentals to the construction and industrial markets. The metropolitan NYC equipment rental market exceeds $1.3 billion, and it is anticipated that Arpielle will generate incremental revenues of approximately $25 million in year one. Hertz Equipment Rental Corporation is a wholly owned subsidiary of The Hertz Corporation.

Gibraltar Business Capital LLC of Northbrook, IL, a provider of asset-based loans and factoring solutions for small- and medium-sized businesses, has acquired Greenfield Commercial Credit LLC, a provider of working capital financing solutions and asset-based loans in the Midwest. Gibraltar will now have resources in Chicago, New York, Houston, Los Angeles, Detroit and Atlanta focused on providing asset-based loans and factoring solutions to borrowers seeking financing of $100,000 to $5 million. Greenfield is headquartered in Bloomfield Hills, MI.

Republic Airways Holdings, Inc. of Indianapolis has named Ethan Blank as vice president and corporate counsel for the company and its subsidiaries. Blank was most recently a partner in the law firm of Ober, Kaler, Grimes & Shriver, P.C. in Baltimore. His background includes a variety of airline industry transactions including loans, leases and leveraged leases of aircraft; private placements with aircraft and equipment collateral; and securitizations of aircraft lease receivables and airline working capital financings. Republic Airways Holdings is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America.

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