Welcome to Northstar Leasing Corporation
Northstar Leasing is a full service Canadian leasing company. Independently owned and managed, we can tailor a lease to meet your specific needs. We take pride in being able to offer fast approvals, competitive rates and flexible terms, along with personal friendly service.
Northstar Leasing specializes in small to mid size lease transactions for small businesses, large corporations and home-based businesses. We hope this is only the start of a long and prosperous relationship.
We are interested in designing custom leases to suit your specialized needs.
If you have questions, please feel free to consult us.
We would be more than happy to assist you.
||Quick Reviews of credit applications
||We look beyond "credit scoring"
||Flexible Lease Terms
||More approved applications
CHESSWOOD ANNNOUNCES THE PURCHASE OF NORTHSTAR LEASING
Addition of Northstar creates North-American platform
TORONTO, February 3, 2014 - Chesswood Group Limited (“Chesswood”) (TSX: CHW) is pleased
to announce that it has completed the purchase of all of the outstanding shares of Northstar Leasing
Corporation (“Northstar”), a long-standing non-prime commercial equipment finance company,
located in Barrie, Ontario.
The entire Northstar team will remain with the Company and apply their expertise in support of
Chesswood’s growth in Canada. Chesswood is a major competitor in this market in the U.S. through
its wholly owned subsidiary Pawnee Leasing Corporation.
“We are excited by the opportunity to join Chesswood and to lead its growth in the Canadian market”
said Bruce Collingwood, Northstar’s Chief Financial Officer.
“We are thrilled to now have a North-American small ticket platform. Chesswood can offer its
products and services to brokers and their customers, regardless of which country they operate in”
said Barry Shafran, Chesswood’s President and CEO. “Northstar has decades of experience and we
believe that this experience coupled with Pawnee’s expertise, will allow the businesses to leverage
the strengths of one another” added Shafran.
Chesswood paid $10.4 million, in cash, for the shares of Northstar. Northstar has gross receivables
of approximately $16.0 million.
About Chesswood Group Limited
Chesswood is a specialty finance company with operating businesses in both Canada and the U.S.
To learn more about Chesswood Group Limited, visit www.ChesswoodGroup.com.
The separate websites of Chesswood Group Limited’s operating businesses are at
www.nstarleasing.com, www.CaseFunding.com and