HOW A SIMPLE IDEA TRANSFORMED THE EQUIPMENT FINANCE INDUSTRY
This year marks the 30th anniversary since Tim Berners-Lee invented the World Wide Web. It is challenging to fully understand the impact of how this has changed our lives. This one simple idea has transformed industries and given birth to companies like Amazon, Uber, and Netflix. However, when first conceived, there were many that questioned its use and others that said it could not be done.
By DAN MICHALEK
10 YEARS AS “NOM de PLUME” DEXTER VAN DANGO
2019 marks the tenth year I have contributed to the Monitor 100 publication. Indulge me, if you will, by allowing me to look back over the past decade to reminisce over what I have written about for the past ten Monitor 100 issues, taking another look at the road we traveled together.
By DEXTER VAN DANGO
WELLS FARGO SEIZES THE ORIGINATIONS CROWN
Wells Fargo Equipment Finance reported $16.1 billion in 2018 new business volume — just enough to steal the crown from Banc of America Leasing in the volume ranking. However, Wells Fargo’s hold on the volume title may be short lived. With leads of only $152.6 million over Banc of America and $236.2 million over John Deere, it could be anybody’s game next year. In the asset ranking, Banc of America tightened its hold of the top notch, expanding its lead to $4.9 billion, up 81.4% from its $2.7 billion lead last year.
By RITA GARWOOD
THE BEST OF THE BEST
Appearing in the Monitor 100 ranking is an achievement, but only the most successful companies in the industry make it to the top of the list. Guest Editor Bill Verhelle sat down with the leaders of six top companies to discuss the strategies they use to maintain dominance in such a complex and competitive marketplace.
By BILL VERHELLE
MONITOR 100 DEMOGRAPHICS
The 2019 Monitor 100 showcases the leading equipment leasing and finance companies reflecting their fiscal year end 2018 data. The leasing industry has enjoyed a remarkable renaissance since the Great Recession of 2008.The 28th annual list of Monitor 100 companies reported $514.1 billion in net assets, $201.1 billion in originations and 28,666 employees.