The Company commenced operations in 1990, as an investor in equipment leases.
Relational Funding Corporation (RFC) was acquired by Rosemont Leasing, Inc. on
January 31, 1996. Outlined below are significant Company milestones from
inception through 2005.
| Date |
Event |
| 1990 |
Commenced operations.
|
| 1994 |
Experienced continued growth and merged with Cencor Capital, Inc., increasing
middle-market expertise and market penetration. Capital in RFC exceeded $1.0
million.
|
| 1995 |
Partnered with a large private equity interest and jointly invested $10.0
million in a pool of new technology equipment leases. New lease originations
exceeded $65 million.
|
| 1996 |
Acquired by Rosemont Leasing, Inc., which is part of a privately-held
conglomerate. Rosemont's acquisition included incremental capital to accelerate
the growth of the lease portfolio.
|
| 1996 |
Introduced the direct lease origination model to RFC, with the acquisition of
U.S. Capital Equipment Lessors, Inc., which included a $40 million technology
equipment portfolio with Fortune 100 companies.
|
| 1996 |
Additional capital contribution from Rosemont as lease portfolio demonstrated
continued growth and expansion. Acquired Starwood Corporation, which included a
$30 million portfolio, direct origination lease accounts and remarketing
expertise. RFC's portfolio assets exceeded $100 million.
|
| 1997 |
Founded Gulfcoast through purchase of the assets of Gulfcoast Workstations
Corp. Gulfcoast represents the Company's entry point into the technology
product brokerage segment. Gulfcoast generated revenue of approximately $41.0
million for the fiscal year ended January 31, 2000.
|
| 1997 |
Established a $35 million credit facility with a consortium of banks to finance
leases, receivables, inventory and residuals which provided for a rapid growth
of the technology lease portfolio.
|
| 1998 |
Acquired CDI, a Canadian based reseller of personal computers and related
peripheral devices. The Company remarkets its entire off-lease portfolio of
personal computers through CDI, which represents less than half of all used
equipment sold by CDI. The synergy associated with the disposition of
customers' technology assets coupled with the origination of new technology
leases developed a market advantage for the Company. Today, CDI is one of North
America's largest resellers of used personal computers.
|
| 2000 |
Acquired Alliance Corporate Resources, Inc., a technology value-added reseller,
remarketer and lessor. The purchase included a $50 million technology lease
portfolio. The acquisition accelerated the direct origination leasing model, as
well as the expansion of the product brokerage business, including acquisition,
advisement services and increased market penetration of the telephony product
set.
|
| 2002 |
Initiated IT Portfolio Management business model. The methodology couples the
Company's technical expertise with acquisition, finance and disposition
services for the marketplace.
|
| 2005 |
Jeff Ehlers appointed CEO by the Board. Implemented an enhanced business model.
New lease origination increased more than 35% over 2004. Product revenues in Q3
and Q4 increased in excess of 20% on a quarter over quarter basis in fiscal
2005. Equipment on lease nears the one billion dollar mark.
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