Northstar Leasing Corporation

Northstar Leasing Corporation

August 21, 2014 10:53 ET

Northstar Leasing Adds Danny Lebovics and Bill Tsiobanos to Its Experienced Team

TORONTO, ONTARIO--(Marketwired - Aug. 21, 2014) - Northstar Leasing Corporation (the "Company"), a Chesswood Group Company ("Chesswood"), is pleased to announce that industry veterans Danny Lebovics and Bill Tsiobanos have joined the Company as President and Vice-President of Business Development, respectively.

"The addition of Danny and Bill complements Northstar's experienced management team and completes the build out of Northstar as it focuses on a national market presence in non-prime equipment finance" said Barry Shafran, Chesswood's President and CEO.

"We acquired Northstar to give Chesswood a North-American platform in small ticket equipment finance. We are now able, through Northstar and our U.S. subsidiary, Pawnee Leasing, to offer a North American solution to our broker partners and their vendors and customers. Northstar is a perfect fit for Chesswood as its dedication to service and strong personal relationships with its broker partners are also hallmarks of Chesswood's business philosophy. Danny and Bill have proven track records in providing customer service excellence" added Shafran.

"I am very excited to join the Northstar team and proud to be a part of Chesswood. There are substantial synergies between Northstar and Pawnee, and I believe the Canadian non-prime small ticket leasing market will be very receptive to our combination of ease of doing business, personal contact, simple processes and competitive pricing" said Danny. "Bill is an energetic sales leader who will be a strong advocate for our broker partners and a catalyst for ensuring our product offering is leading edge. Since the acquisition by Chesswood, everyone at Northstar has been working diligently behind the scenes to prepare for our launch to the broader broker market across Canada." added Lebovics.

Lebovics comes to Northstar from MultiSource Capital, a small ticket funder, where he was President and launched that company's product offering to the broader broker market in Canada. Prior to MultiSource, Danny held senior leadership positions with CIT and its predecessor Newcourt. He has also practiced as a lawyer and chartered accountant.

Before joining Northstar, Tsiobanos was Vice President with Syneron, a manufacturer of medical laser equipment, where he developed and oversaw finance programs in North America, Europe and Asia. Prior to Syneron, Bill held sales leadership positions with CIT and its predecessor Newcourt.

Northstar, founded in 1983, is a long-standing non-prime commercial equipment finance company, located in Barrie, Ontario.

Chesswood Group Limited, a public company traded on the Toronto Stock Exchange (TSX:CHW), is a specialty finance company with operating businesses in both Canada and the U.S.

Contact Information