Jocova Financial Announces 2nd Corporate Merger as Company Expands Nationwide
Jocova Financial Announces 2nd Corporate Merger as Company
Addition of RMS Financial Solutions Corp. Adds New Markets and Key Services in the Equipment Finance Industry; Complements Jocova’s Customer Segments and Current Infrastructure
Toronto, ON (September 4, 2019) – Jocova Financial and RMS Financial Solutions jointly announced today a merger of both companies under the Jocova Financial brand strengthening Jocova Financial’s core business services as it continues to expand nationwide. Jocova Financial provides equipment leasing and financing solutions across a variety of industries, through manufacturer programs, distributors, and equipment dealers; supporting business growth through financing programs and helping small and medium sized companies secure essential equipment and software.
Within the past year, Jocova Financial also acquired Falconridge Lease Financial, a niche equipment leasing company located in British Columbia; and added two new members to its executive team as it executes on critical growth strategies; adds new benefits, services, and products to its growing portfolio; and continues to expand into new markets. The company’s innovative equipment financing model has been a driving factor in its continued year-over-year growth and success.
“RMS Financial Solutions Corp. will become part of Jocova Financial in a merger that highlights the strengths and synergies of each company, including parallel systems infrastructure, technology solutions, programs, customer segments, and sales capacity,” said John Elliott, President of Jocova Financial. “The expertise and capacity RMS Financial bring to Jocova’s forward-thinking strategic growth model will help us grow into the leading equipment finance company in Canada for manufacturer and dealers’ programs alike.”
RMS Financial Solutions encompasses more than 27 years of experience in the equipment finance industry with both private and bank-owned equipment leasing companies. It provides high-touch personal service for both customer and dealer financing programs in the small-ticket lending space; a model that RMS has perfected with tremendous success.
“We’re proud of what we’ve accomplished at RMS but this strategic merger with Jocova Financial escalates our capabilities dramatically,” said Ryan Murphy, Executive V.P. of RMS Financial Solutions. “Jocova’s industry leading finance programs and technology will have an immediate positive impact on our level of service and customer outreach. We’re very excited to share these offerings with our incredibly loyal vendor partners and customers.”
About Jocova Financial
Jocova Financial was founded in 2007 to provide equipment financing to regional vendors and businesses. Today, Jocova Financial is a recognized leader in providing equipment financing solutions to clients throughout Canada. The company’s core area of expertise is helping manufacturers develop financing programs and both distributors and equipment dealers grow their business by providing fast and simple financing programs. In addition, Jocova Financial works directly with small and medium-sized businesses to help them secure the equipment, vehicles, and software they need to grow. Jocova Financial has expanded nationwide and now provides zero percent and low rate manufacturer programs and direct dealer financing programs across Canada.