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Company profile: CIT

1.1 - Company Overview

CIT Logo

CIT

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

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 Logo

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 Logo

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 Logo

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 Logo

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 Logo

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 1: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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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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4.3 - M&A Transactions similar to CIT

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About CIT

What does CIT do?

CIT is a 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.

Who are CIT's competitors?

CIT's competitors and similar companies include Renaissance Asset Finance, Fountain Financing, Air Lease, Allstate Capital, and Porterbrook.

Where is CIT headquartered?

CIT is headquartered in United States.

How many employees does CIT have?

CIT has 1,000 employees 🔒.

When was CIT founded?

CIT was founded in 2010 🔒.

What sector and industry vertical is CIT in?

CIT is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for CIT

Who are the top strategic acquirers in CIT's sector and industry

Top strategic M&A buyers and acquirers in CIT's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for CIT?

Top strategic M&A buyers groups and sectors for CIT include █████████████████ , ████████████████, █████████████, ████████████, and ████████████████ 🔒.

Financial Investors investing in CIT's sector and industry vertical

Which are the top PE firms investing in CIT's sector and industry vertical?

Top PE firms investing in CIT's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in CIT's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in CIT's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in CIT's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to CIT include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in CIT's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for CIT?

The key public trading comparables and valuation benchmarks for CIT include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for CIT for public valuation benchmarks?

Our platform tracks detailed public trading comparable groups and valuation benchmarks for CIT with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in CIT's sector and industry vertical?

Our platform tracks relevant M&A transactions comparables and valuation benchmarks for CIT with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in CIT's' sector and industry vertical?

Access recent funding rounds and capital raises in CIT's sector and industry vertical including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors and valuations.

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