Independent Technology & Equipment Lessor • Strategic Partners

Press Releases

CoreTech Welcomes Candace J. Reinhart as Sr. Vice President of Operations and Syndications

CoreTech Welcomes Candace J. Reinhart as Sr. Vice President of Operations and Syndications

Newport Beach, CA – January 24, 2019 – Independent technology and equipment lessor CoreTech Leasing Inc., is  pleased to welcome Candace J. Reinhart to their executive leadership team as Sr. Vice President of Operations and Syndications. A certified CLFP and highly regarded Board Member of the ELFA (Equipment Leasing and Finance Association) where she sat on the Technology Committee, Candace brings proven leadership, formidable experience in operational workflow management, and a passion for the leasing industry. Candace will lead CoreTech’s growth through top-of-the-line operational counsel across diverse and complex projects, monitor risk, and bring substantially enhanced value to all aspects of CoreTech’s bank, client and vendor relationships.

In a dynamic and highly competitive business environment, a robust equipment financing industry, currently valued over $1 trillion, is enabling organizations within and outside the US to remain competitive. Candace earned her Certified Lease and Finance Professional (CLFP) designation—the preeminent credential for equipment leasing and financing professionals throughout the world—in 2016 and has been a member of the Equipment Lease and Finance Association committee for Operations and Technology for the past three years. As a result, Candace brings superior knowledge of the equipment lease and finance product and a wide network of top industry professionals to CoreTech.

Candace began her leasing career with Saddleback Financial Corporation in 1996 and was most recently with First National Capital Corporation as VP of Operations. She has utilized the last two decades to become expert in each seat along the workflow spectrum with some of the top-rated independents in the industry. She has expertly handled a wide range of transaction sizes.  Harnessing Candace’s expertise in handling complex transactions through syndications and operations as well as her proven track record of improving business processes and operational efficiencies will allow CoreTech to maintain its leadership across all segments of this growing industry.

Scott McFetters, President of CoreTech Leasing, remarked, “We are proud to welcome a professional of Candace’s caliber and expertise to the team and look forward to her abilities to drive client value and help lead our business from strength to strength.  Candace’s extensive and thorough know-how of the equipment financing industry as well as her hands-on approach to adding efficiencies while maintaining scale are exceptional and we look forward to working with her.”

Candace added, “This is a truly exciting time to be joining the CoreTech team.  The company’s passion for building long term relationships, leading education and best practices, and being true partners with clients is a business ethic I am thrilled to be a part of.  This in addition to their financing expertise and ability to custom design solutions that best address client needs makes CoreTech a growing and formidable player in the industry.”

To download the press release, click here.

 

CoreTech Leasing Welcomes New Sales Leader, Barry Steel, Sr. VP of Sales

Newport Beach, CA – August 1, 2018 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces the addition of Barry Steel to their leadership team.  Mr. Steel has joined the CoreTech team as Sr. Vice President of Sales. An exceptional leader with an impressive record of achievement in multiple, highly competitive markets for over 25+ years, Barry is known for his abilities to build strategic alliances that position organizations for long-term profitability, productivity and performance.   Barry will lead the CoreTech sales and marketing initiatives as the company continues to experience exceptional growth into multiple industry markets including:  legal, manufacturing, medical, semiconductor, and education.

As changes in technology and equipment assets and organizational needs continue to accelerate at exponential rates, more organizations across markets are leveraging leasing and financing strategies to better compete—and being an independent leasing company allows for more flexibility.  According to the ELFA, equipment and software investment continues to expand and new business volume continue to expand at a healthy pace, and this trend is expected to maintain solid momentum throughout 2018, according to the ELFA.

Barry was most recently President of Capital Fleet Solutions which consulted with several commercial banks in the automotive dealer space and included a total portfolio of 500,000 vehicles.  Prior to Capital Fleet Solutions, Barry was the Senior VP of Global and Strategic Accounts for Donlen Corporation where he designed and executed strong strategic visions that resulted in being acquired by Hertz Corporation for a record valuation.  Barry also served as VP of SalesForce Development for GE Capital Fleet Services for nearly a decade where he developed programs to track sales, customer satisfaction, and coordinated pricing across the business.

Scott McFetters, President of CoreTech Leasing, remarked, “We are exceptionally pleased to have someone of Barry’s caliber join our team and help lead our growth in the right direction that both builds our relationships in the market and strengthens our sales team’s abilities to deliver top tier service and solutions.  We look forward to Barry’s experienced leadership, integrity and expertise and welcome him to the team.”

Barry added, “If you like owning, you will love leasing.  Leasing can provide organizations all of the flexibility of ownership, and the financial benefits of leasing. The people at CoreTech are what makes them a preferred partner with their customers.  Scott has built an exceptional organization at CoreTech which is demonstrated by CoreTech’s stellar industry reputation.  I am honored to be joining the team as leader of exceptional people and will look forward to taking the team—and the company–to the top.”

To download the press release, click here.

CoreTech Leasing’s President, Scott McFetters, to Speak at the ALA Annual Conference

Newport Beach, CA – May 4, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., announced today that the company is exhibiting and sponsoring at the ALA Annual Conference in Los Angeles at booth #806. CoreTech’s President, Scott McFetters, will present “Mergers, Moves and Leasing” on Monday, May 23rd at 3:30 pm PST focusing on strategic flexibilities offered by leasing a firm’s technology and equipment in multiple situations. The conference, held from May 22nd through May 25th, is one of the largest events of the year for the legal industry.

Law firm mergers are currently at an all-time high, with Altman Weil reporting 91 mergers in 2015 – the largest number since polling began in 2007. Acquisitions and the drive to improve profitability by reducing office space are also top concerns for law firms. Scott’s session will explore how leasing is optimally suited for a world of rapid transitions, and how leasing can give firms the flexibility and quick decision making needed to implement a successful merger, acquisition or relocation.

Scott’s talk is aimed toward seasoned legal administrators who need to make decisions on how to strategically procure technology and equipment while making budget, and anticipating potential needs for flexibility. Attendees will be engaged in analyzing mergers, moves and acquisitions and assessing the strategies leasing provides in acquiring state of the art equipment, hardware, services, and software implementations and upgrades. “Mergers, Moves and Leasing” will empower attendees to develop best practices and determine the best finance decision-making processes for their firms’ needs.

CoreTech Leasing has been a proud, long term sponsor of the ALA Conference and Expo, which is a primary resource for legal administrators and professionals. This year’s conference is expected to have an exhibition hall featuring over 200 vendors, in addition to educational tracks and sessions featuring top thought leaders from across the legal industry.

“The ALA Annual Conference and Expo is one of the most important events of the year for law firms and legal administrators,” says McFetters. “We’re proud to once again be part of it. I will look forward to providing law firm administrators with much-needed tools to understand how to leverage leasing as a highly beneficial financial tool, especially for a law firm market that continues to flex and contract in a very competitive marketplace.”

To read Scott’s article, “Leasing Strategies in a World of Flux,” published in Law Journal Newsletter’s Accounting and Financial Planning for Law Firms, click here.

To download the full press release, click here.

CoreTech Leasing Welcomes Distinguished Sales Veteran, Bill Pitcairn

Newport Beach, CA – April 11, 2016 – Independent technology and equipment lessor, CoreTech Leasing, Inc., today announces that highly regarded sales veteran, Bill Pitcairn, has joined the team as Senior Account Manager. A well-known and highly regarded professional, Pitcairn brings to CoreTech three decades of top tier industry experience in the finance industry and a stellar track record building successful client relationships.  Bill will continue to build CoreTech’s relationships across multiple markets including the medical, education and semiconductor industries.

Pitcairn possesses a distinguished track record in the finance industry, leading all facets of sales functions with an emphasis on strategic planning and revenue growth.  During his tenures across several crucial sectors, Pitcairn’s expertise led him to be elected to Comdisco’s CEO Executive Sales Council where he closed upwards of $160 million in lease and financing structures in one 18-month period, and managed the two largest leasing relationships at AT&T and Verizon.

Bill served as VP of the Northeast Region for GE Capital where he was awarded as one of the company’s top salesman over multiple years; previously as well, Bill was Vice President of Sales at Presidio Technology Capital where he led a multi-million-dollar managed services contract with a major university, and most recently served as Vice President of First Financial Corporate Services.

Pitcairn’s appointment is a substantial addition to CoreTech’s executive team and strengthens the company’s abilities to continue to serve current as well diversify its client base, including an ongoing expansion into the medical, education and semiconductor industries where his leadership will be essential.

 

Scott McFetters, President of CoreTech Leasing, remarked, “We’re pleased to bring a finance veteran of Bill’s caliber onto the CoreTech team.  Bill’s relationships and expertise across the medical, education and semiconductor markets will be invaluable assets to CoreTech clients as we continue to expand our growth in these areas.  We look forward to Bill’s leadership, integrity and tenacity, and welcome him heartily to the team.”

 

Bill Pitcairn added, “I’ve known Scott McFetters and the CoreTech team as highly regarded professionals in the finance industry for many years now.  I am delighted to join the CoreTech team of experts and leverage my diverse knowledge and expertise to continue building on CoreTech’s excellent reputation in the finance market and drive further value for their clients.”

 

To download the press release, click here.