Chesswood Announces the Closing of Its Previously Announced Transaction with Vault Credit Corporation

Chesswood Announces the Closing of Its Previously Announced Transaction with Vault Credit Corporation
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TORONTO, May 3, 2021 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW), a North American commercial equipment finance provider for small and medium-sized businesses, is pleased to announce that it has completed the merger of its subsidiary Blue Chip Leasing with Vault Credit Corporation, which was previously announced on April 8
th, 2021. Both organizations received the necessary approvals from their funding partners and are excited to serve the market under one group umbrella.
Chesswood will provide the merged entity access to its funding facilities to facilitate growth in its Canadian equipment finance portfolio. "We're pleased to complete this merger and welcome Vault's talented staff to the Chesswood family" said Ryan Marr, Chesswood's President & CEO. "We are also excited with the opportunity to work with Daniel Wittlin and his senior leadership team to continue growing Chesswood's presence in Canada's alternative lending market".

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