Company profile: CIT
1.1 - Company Overview
Company description
- Provider of financing, leasing, and advisory services across more than 30 industries, with more than $35 billion in financing and leasing assets and leadership in middle market lending, factoring, retail and equipment finance, and aerospace. Offers personal savings accounts, home loans, small business equipment financing, vendor financing, accounts-receivable factoring, and railcar and locomotive leasing.
Products and services
- Commercial Services: Delivers enterprise-grade accounts-receivable factoring services that improve cash flow and manage debt exposure for businesses across more than 30 industries
- Small Business Equipment Financing: Supplies custom-structured financing enabling small businesses to acquire equipment with customizable payment options and flexible terms arranged through tailored agreements
- Rail Leasing: Leases fleet-scale, diverse railcars and locomotives to businesses in North America, supplying equipment access for transportation operations via contractual agreements
Key contacts
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Financial details
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1.2 - Competitors and similar companies to CIT
Renaissance Asset Finance
HQ: United Kingdom
Website
- Description: Provider of asset finance, offering funding facilities in the South East.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Renaissance Asset Finance company profile →
Fountain Financing
HQ: United States
Website
- Description: Provider of equipment financing solutions, leveraging extensive banking and business management experience.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Fountain Financing company profile →
Air Lease
HQ: United States
Website
- Description: Provider of commercial aircraft leasing solutions, purchasing aircraft and leasing them to airline customers worldwide. Offers a wide selection of modern narrow- and wide-body aircraft from Boeing, Airbus, Embraer, and ATR. Services include aircraft sales, financing solutions for leasing, and fleet management for owned and managed aircraft.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Air Lease company profile →
Allstate Capital
HQ: United States
Website
- Description: Provider of commercial equipment leasing and equipment financing, funding most equipment types for businesses throughout the United States.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Allstate Capital company profile →
Porterbrook
HQ: United Kingdom
Website
- Description: Provider of railway rolling stock and associated equipment leasing to freight and passenger operators in the UK, offering fleet management, fleet performance improvement, modifications and upgrades, new train delivery, and fleet cascade management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Porterbrook company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for CIT
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to CIT
2.2 - Growth funds investing in similar companies to CIT
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4 - Top valuation comps for CIT
4.2 - Public trading comparable groups for CIT
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