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Article: KeyCorp's Key Equipment Finance and American Express Announce Definitive Agreement to Acquire American Express Business Finance.
- Article from:
- PR Newswire
- Article date:
- October 22, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisition will elevate Key Equipment Finance to one of the nation's largest 'small-ticket' leasing companies
A strategic fit with Key's Small Business and Middle Market client focus
Key Equipment Finance, a global leader in equipment leasing and an affiliate of KeyCorp , and American Express Company today announced the signing of a definitive agreement to acquire American Express Business Finance Corporation (AEBF), the equipment leasing unit of American Express' small business division.
With a portfolio of approximately $1.5 billion at Sept. 30, 2004, AEBF is a leading commercial finance company that provides capital for small and middle ...