The Toronto-Dominion Financial institution has accomplished the acquisition of Wells Fargo’s Canadian Direct Equipment Finance enterprise.

The transaction provides scale and capabilities to TD’s current Canadian Tools Financing enterprise and expands TD’s presence in core markets.

“This acquisition enhances our place and competitiveness in Canada’s Tools Finance business and can permit us to raised serve a extra various set of enterprise clients who require custom-made financing providers and leasing options,” stated Darren Cooke, President, TD Tools Finance, Canadian Enterprise Banking, TD Financial institution Group. “Our mixed groups will convey seasoned experience in tools leasing and finance to ship the robust worth of tailor-made financing and leasing choices to clients throughout Canada.”