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In the Marketplace

By ALM Staff | Law Journal Newsletters |
December 31, 2014

CoreTech Leasing, Inc. of Newport Beach, CA, announced that it will be expanding into the semiconductor industry. The decision to diversify the firm's portfolio and expand into the growing semiconductor market is based on projections such as Gartner's, which forecasts semiconductor capital equipment spending to increase 15% in 2014 to a total of $38.5 billion, followed by projected increases through 2018. CoreTech, an independent technology and equipment lessor, also recently added Gary Atkins as VP of diversified technologies. Atkins was a founding member of two Fortune 500 equipment leasing companies, including Comdisco Electronics Group , with his division originating $3.6 Billion in asset-based business. Atkins was also an original member Babcock & Brown Electronics Management LLC.

Cole Taylor Equipment Finance of Chicago has opened a new office in St. Louis, MO, and has appointed Chris Byrnes as direct sales manager for the St. Louis region. Byrnes will be responsible for building client relationships and developing new lease and loan originations in Missouri, Kansas, western Kentucky, and western Tennessee. Byrnes joins Cole Taylor from BancorpSouth Equipment Finance' where he was a vice president and regional account executive.

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