The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Financial Services > Commercial Lending > SierraCities.com Inc.

SierraCities.com Inc.
 NEWS FROM THE STANDARD
E-Offering Leads $98 Million Deal
Jun 01 1999 12:00 AM PDT

 PROFILE
SierraCities.com, a subsidiary of American Express, leases a mountain of merchandise to small businesses. It provides small-ticket leases for equipment costing less than $250,000, including computers, healthcare equipment, telecommunications and office equipment, hospitality and food service items, automotive equipment, and industrial vehicles. Serving about 83,000 customers, SierraCities operates through independent leasing companies, brokers, and equipment sellers. It offers online finance applications, approval, and purchasing through agreements with companies such as U.S. Bancorp. SierraCities has offices in more than a dozen US states and in the UK.

 COMPETITION
FNF Capital, Inc. (dossier)
MicroFinancial Incorporated (MFI)

 DEALS
Deal: American Express to Buy SierraCities
Date Announced: 02.14.01
Value of transaction (US $Mil): 107.5
Description: Financial services company agrees to acquire equipment finance firm in a deal valued at $107.5 million.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 130.00
1-Yr. Sales Growth: 27.0%
Employees: 600
Revenue per employee: $216,666.67

 KEY PEOPLE
• Thomas J. Depping
    CEO
• Sandy B. Ho
    CFO

 CONTACT INFO
600 Travis St., Ste. 7050
Houston, TX 77002
US
Phone: 713-221-8822
Fax: 713-221-1818
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001