Essex expands financing services across Canada
Essex assets will grow to $1.5B following the acquisition
Essex Lease Financial has reached an agreement in principle to acquire ATB Financial’s Capital Asset Financing division, increasing its presence in the Canadian market.
The acquisition will expand Essex’s equipment and agricultural financing services across Western Canada, according to an Aug. 20 Essex release. The deal will strengthen Essex’s position as a leading independent equipment finance provider in the region by combining its nearly four decades of client-focused financing with ATB’s established reputation in the Alberta equipment market.
The company expects demand for financing to rise amid population growth and increased infrastructure and agriculture investment in western and central Canada. The transaction, subject to final terms and customary approvals, is expected to close in the fourth quarter of 2025.
Following the deal’s completion, Essex will manage more than $1.5 billion in assets, offering operating and capital leases, asset-backed lines of credit and other financing solutions across multiple sectors. Essex maintains a fleet of over 400 rental trailers and other rental assets, with the fleet primarily serving the transportation and construction sectors
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