Home Profiles Services News Articles Testimonials Contact
Recent News
Swandel & Associates is a member of:

Sept. 17, 2009
The Alta Group announced today that it is expanding its North American presence with the addition of Hugh Swandel as a managing principal of the Canadian region for this premiere global equipment leasing and finance consultancy. Along with Swandel, his associate, Murray Derraugh, joins Alta as an associate.

Swandel has extensive North American contacts in the leasing industry. He serves on the board of the National Equipment Finance Association (NEFA) and the Canadian Finance & Leasing Association (CFLA), and is active in the Equipment Leasing and Finance Association (ELFA) in the United States.

“Hugh is a preeminent consultant in the Canadian market and his experience is in line with the focus of our work in the United States --mergers and acquisitions, business management and professional development,” said John Deane, managing principal of The Alta Group in North America.

Through Swandel’s own company, Swandel & Associates, in Winnipeg, Canada, the two new members of Alta’s team have also been working jointly with Bruce Kropschot on mergers and acquisitions in Canada. They became more involved with Alta when Kropschot joined The Alta Group’s M&A division as a principal last year.

“Joining The Alta Group will not only help us expand our services in the United States but also in Europe, Asia and Latin America where Alta is well established,” said Swandel.

Before launching Swandel & Associates in 2001, he served as president and chief operation officer of Electronic Financial Group (EFG). EFG was a Canadian company that built and launched a multi lending web-based credit system. He began his career in 1989 after earning an honors arts degree in history and political science from the University of Winnipeg, and an honors business degree from the University of  Manitoba.

Swandel also held a variety of executive positions during 10 years with National Leasing Group, a privately held Canadian lessor.

Murray Derraugh, the senior vice president of Swandel & Associates, has more than 25 years of management experience in both the manufacturing and the financial services sectors. Derraugh worked in both sales and credit for more than seven years at National Leasing and at a MasterCard affiliate before joining Swandel. Currently, he also leads the Canadian Lease Education On-line (CLEO) program for CFLA. Derraugh and Swandel together brought this education program to Canada from the United Association of Equipment Leasing, revised the content for use in Canada, incorporated fleet leasing into the Equipment Leasing program, and modified the material for use in a virtual classroom setting.

About Alta
The Alta Group is a global consultancy serving equipment leasing and finance companies, investment professionals, manufacturers, banks, and government organizations. Founded in 1992, The Alta Group supports clients in North America; Latin America; Western, Central and Eastern Europe; Australia; and

For more information, please visit www.thealtagroup.com.

Hugh Swandel Accepts Board Position with U.S. Based National Equipment Finance Associations (NEFA)
ATLANTA, GA — November 12, 2008 — The National Equipment Finance Association (NEFA) held its first Board meeting on November 4, 2008 in Atlanta. The NEFA formation was recently approved by the merger of the Eastern Association of Equipment Lessors (EAEL) and the United Association of Equipment Leasing (UAEL). The first order of business was the historic signing of the association’s charter by the founding Board members. “It was really a special feeling to be involved with the new beginning of an ‘old’ association,” said Brent Hall of Pinnacle Business Finance, the NEFA’s first President. “We have an excellent Board of Directors that is well suited for the hard work of merging the two associations. It is a pleasure to work with this very smart and capable group of people.”

The new NEFA board includes the addition of Canada’s Hugh Swandel of Swandel and Associates in Winnipeg, MB. “Hugh brings an international presence to the NEFA board and a strong background in equipment leasing and finance. As was our intent in building a very strong and dynamic board for the new association the addition of Swandel was a must”, said President Brent Hall.

“It is a pleasure to contribute to an association well positioned to help industry players navigate through these tough economic times. NEFA is a strong association with the ability to help leasing companies reach the next level of their success”, said Swandel.

Swandel and Associates provides consulting services to the leasing and finance industry across North America. Hugh Swandel has extensive North American contacts in the leasing industry and a strong reputation as an effective negotiator of win/win agreements involving acquisitions, business development, securitization and most other matters of significant importance to Lessors.

Acted for several lessors to explore Merger and Acquisition opportunities. Successes included share sale, due diligence services and negotiation assistance.

Provided Software Conversion Project Management services to two leading lessors. Projects included managing tasks and responsibilities as well as liasing with software provider.

Created policy procedure manuals and operating review analysis for major Canadian Lessor.

Conducted a Software Platform review for international BPO company.

Completed On-line education development project for National Equipment and Finance Association (NEFA)

Murray Derraugh Presents at Industry Conferences in Canada and the United States
Fall 2008 – Murray Derraugh of Swandel and Associates presented at two annual industry conferences on the topic of Insurance for Leasing companies.
Swandel and Associates along with Premier Lease and Loan and HKMB to complete the development of education and training materials for the equipment and vehicle leasing industry in North America.
October 2007
Agreement to act for specialty finance company to solicit and negotiate funding for expansion.
October 2007
Hugh Swandel appointed to the Board of Directors of the United Association of Equipment Lessors (www.uael.org).
October 2007
Murray Derraugh completes Sales Training program for Irwin Commercial Credit.
September 2007
Swandel and Associates enters agreement to represent Kropschot Financial Services, a leading leasing industry Merger and Acquisition Company. Bruce Kropschot announced that Kropschot Financial Services, the leading merger and acquisition advisory firm for equipment and vehicle leasing and financing companies in the U.S., has entered the Canadian M&A market through a new relationship under which Swandel and Associates will represent Kropschot Financial Services in Canada. Swandel and Associates founder and President Hugh Swandel will work jointly with Kropschot Financial Services President Bruce Kropschot and Executive Vice President Jim Billings to provide Canadian leasing and financing companies with the expertise that Kropschot Financial Services has developed while arranging the sale of over 150 equipment and vehicle leasing and financing businesses in the U.S., Europe and South America over the past 21 years.

Based in Winnipeg, Manitoba, Swandel and Associates is a leading consulting firm for equipment and vehicle leasing and financing businesses throughout Canada. The firm has represented many Canadian leasing companies in securing financing facilities, and it also provides leasing industry expertise in mergers and acquisitions, strategic planning, training and technology solutions. Prior to founding the firm, Hugh Swandel held a variety of senior positions during his 10 years with National Leasing Group, a leading Canadian small ticket leasing company. Mr. Swandel was awarded the Canadian leasing industry’s highest honor in 2006, being named Member of the Year by the Canadian Finance & Leasing Association.

Bruce Kropschot stated, “I have had the pleasure of working with Hugh Swandel on several client projects, and I have the highest respect for his capabilities and knowledge of the Canadian leasing market. We need his expertise in order to provide the highest level of service to equipment and vehicle leasing and financing companies in Canada. There are many privately owned leasing companies in Canada whose owners would benefit from an active M&A market like the one that Kropschot Financial Services has helped maintain in the U.S.”

Headquartered in Vero Beach, Florida, Kropschot Financial Services has affiliated offices in 34 countries through its membership in International Network of M&A Partners, an exclusive global partnership of 62 M&A advisory firms that is ranked as one of the top organizations internationally in the number of middle market acquisitions completed.
September 2007
Murray Derraugh presents Canadian Finance and Leasing Education Program at Annual Conference in Banff Alberta.
August 2007
Swandel and Associates enters agreement with Recombo (www.recombo.com) to assist with market development of their digital and electronic signature technologies for the leasing industry.
August 2007
Swandel and Associates enters an agreement to assist with market development for a new funding product for U.S. Lessors.
July 2007
Swandel and Associates enter an agreement with Premier Lease and Loan and HKMB to assist with the development of education and training materials for the equipment and vehicle leasing industry in North America.
September 2006

CFLA names HUGH SWANDEL its Member of the Year 

September 14th, 2006, at its 2006 annual  conference in Halifax, Nova Scotia, CFLA Chairman Joe LaLeggia awarded HUGH SWANDEL, President of Swandel and Associates, with the  Association's most prestigious honour: the "CFLA Member of the Year" Award.

August 2006

Swandel and Associates Chosen to Develop First Ever Canadian Lease Professional Certification Program
The Canadian Finance and Leasing Association (CFLA) and the U.S. based CLP Foundation (CLP) have announced an agreement that will provide the framework for a future Canadian equipment and automotive lease professional certification program.

The CFLA also announced an agreement with the United Association of Equipment Leasing (UAEL) that will establish a comprehensive professional training program for the Canadian leasing industry.

CFLA has asked Hugh Swandel of Swandel and Associates of Winnipeg, Manitoba, to lead the development of the curriculum and structure of the program. They will adapt the UAEL training materials and the CLP Foundation program for the Canadian market, expanding the education program to include vehicle leasing as well.

"We are confident that with the expertise of Swandel and Associates, the CLP Foundation and the UAEL, Canada's first-ever comprehensive training for lessors will be a success," said CFLA president and CEO, David Powell. "Building from the program, our next step will be looking at how to implement the Certification Program and the CLP designation as part of the Canadian leasing industry."

"The CLP Foundation looks forward to working closely with the CFLA, Swandel and Associates and the UAEL to establish the CLP designation as a recognized credential throughout the Canadian leasing industry," said CLP executive director, Cynthia Spurdle.

"The CFLA, CLP and UAEL are committed to promoting the highest standards of knowledge and professionalism in the North American leasing industry," said Joe Woodley, UAEL's executive director, in La Quinta California.