PEAC Solutions is expanding its global Construction, Transportation and Industrial (CT&I) business unit to the USA. To launch into this industry, PEAC has hired Tibor Horvath, a 40-year industry expert, as Senior Vice President and CT&I business unit leader. Horvath will be responsible for new business development, vendor programs, sales and new product creation across all markets that PEAC Solutions serves.
“PEAC has a successful history in this industry throughout Europe and the UK,” said Bill Stephenson, CEO of PEAC Solutions. “We identify the best talent and most respected people who serve these markets. Tibor is at the top of that list with his proven industry experience and performance, which includes 18 years at DLL. His stellar reputation with the OEM, Distributor and Dealer networks will continue to serve him well now that he is part of the PEAC team.”
Tibor was a Vice President during his tenure at DLL and held numerous key global positions including membership on the CT&I executive management team. At PEAC, he will continue to work closely with OEMs, dealers and end-user customers.
“I am thrilled to join Bill and the global PEAC team to utilize their best-in-class platform. And being a non-bank will allow us to develop and offer fresh, creative products and services,” said Horvath. “It’s the ideal situation that allows me to re-engage with my industry passion, combined with a company that shares my goals and empowers its employees to have significant input into creating new products and services for the markets they serve.”
PEAC Solutions, formerly Marlin Capital Solutions, has been a provider of capital solutions for small businesses across the United States for 25 years. In addition to supporting small business owners, PEAC offers financing programs to equipment manufacturers, distributors, dealers, and others. PEAC UK and PEAC Europe are independent providers of asset financing across Europe and the UK, servicing large corporations as well as small and medium-sized businesses. They provide leasing solutions across a broad range of asset classes, from business equipment to plant and heavy machinery.
For more equipment finance industry news, visit Equipment Finance Advisor.