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
|