NRCA Names 2014-15 Officers and Directors

The National Roofing Contractors Association (NRCA) announced its 2014-15 slate of officers and directors at its 127th Annual Convention held Feb. 26-28 in Las Vegas.

Richard Nugent, CEO of Nations Roof LLC, Lithia Springs, Ga., has been elected NRCA president, and Lindy Ryan, president of Tecta America Southeast LLC, Sanford, Fla. was elected senior vice president. Dennis Conway, principal and vice president of Commercial Roofers Inc., Las Vegas; Scott Kawulok, executive project manager at B&M Roofing of Colorado Inc., Frederick, Colo.; Rod Petrick, president of Ridgeworth Roofing Co. Inc., Frankfort, Ill.; and Nick Sabino, president of Deer Park Roofing Inc., Cincinnati, were elected vice presidents.

Additionally, the following were elected NRCA directors:

    Bill Baley, president of C.I. Services Inc., Mission Viejo, Calif.
    Jim Barr, president of Barr Roofing Co., Abilene, Texas
    Suzan Boyd, vice president of Academy Roofing Inc., Aurora, Colo.
    Pat Dorsey, project manager at Tecta America Kentucky, Louisville
    John Embow, president of Grove Roofing Services Inc., Buffalo, N.Y.
    Steve Harvey, president of J & S Building Exteriors Inc., Attleboro, Mass.
    David Hesse, vice president of Kalkreuth Roofing & Sheet Metal Inc., Frederick, Md.
    Joseph Lancaster, vice president of Metalcrafts Inc., Savannah, Ga.
    John Miller Jr., president of Acme Roofing & Sheet Metal Co. Inc., Dothan, Ala.
    Kyle Redd, project manager at Redd Roofing Co. Inc., Ogden, Utah
    Brad Sutter, executive vice president of Sutter Roofing Co. of Florida, Sarasota
    Jayne Williams, chief financial officer of KPostCompany, Dallas
    Robert Willis, general manager of Tecta America Zero Co. LLC, Dayton, Ohio

2014 IRE Achieves Highest Attendance in the History of the Show

Hanley Wood Exhibitions has announced that the 2014 International Roofing Expo (IRE) welcomed a record-setting audience to Las Vegas’ Mandalay Bay Convention Center, Feb. 26-28, reinforcing its position as the industry’s largest and most innovative roofing construction and maintenance trade show.

As the IRE returned to the glitz and glamour of its longtime host city, Las Vegas, the annual trade show and conference drew a total attendance of 9,568, a 13 percent increase over the 2013 show in San Antonio, and a staggering 20 percent increase in verified attendees over 2013.

“With a fresh sense of optimism and excitement, the 2014 International Roofing Expo drew the largest attendance in the show’s history,” says Tracy Garcia, CEM, IRE show director. “In addition, the trade-show floor was the largest since 2008.”

Participants came from all segments of the roofing industry, including commercial and residential contractors, builders, remodelers, building owners, facility managers, manufacturers, architects, engineers and other related industry professionals.

In attendance were representatives from the industry’s leading roofing and construction companies, including CentiMark, Tecta America, Baker Roofing, Best Contracting Services, Nations Roof, Kalkreuth Roofing & Sheet Metal, Douglass Colony Group, United States Roofing, Interstate Roofing, Insulated Roofing Contractors, Collis Roofing, Lon Smith Roofing & Construction, KPost and Target Corp.

Attendees represented all 50 states with the bulk of attendees hailing from California, Texas, Illinois, Colorado, Ohio, Georgia, Oklahoma, Pennsylvania, Nevada, and Michigan. The largest number of international attendees came from Canada, Mexico, Japan, Denmark, Australia, Columbia, China, United Kingdom, Belgium, Ecuador, France and Trinidad and Tobago.

First-time registrants made up 35 percent of all attendees. “I thought the overall quality of the show and the courses offered were very good, while the exhibitors were very helpful and informative,” says Phillip M. Conroy, project manager at Kalkreuth Roofing and Sheet Metal. “This was my first year attending the show and the trip was definitely worth my while.”

Exhibit Hall
The trade-show floor was comprised of 1,045 booths, a 6 percent increase over the 2013 show. New, value-added services and innovative ideas in roofing materials and related products were displayed on the show floor, including shingles, gutters, insulation, coatings/adhesives, fasteners, and much more.

Exhibitors were pleased with the number of leads and inquiries generated during the show. “The 2014 IRE offered the perfect venue for us to reconnect with existing customers and engage with new ones,” says Karen Edwards, marketing director at EagleView Technologies. “Our booth was busy from show open to close and the attendees were the decision-makers that we wanted to reach.”

“This was an outstanding show,” adds Nicholas Bryditzki of Sentinel Solar Roof Pumps. “For a small manufacturing company it gave us great exposure and we were able to make some significant contacts.”

“We were very happy to be a part of the 2014 IRE,” notes Karyn Slifka, marketing coordinator at Novagard Solutions. “The number of attendees surpassed our expectations and we made some great contacts.”

Of the 426 exhibiting companies, 84 companies were first-time exhibitors, including Certex USA, CUPA USA, Epilay, Kemper System America, National Gypsum Company and VELUX America, just to name a few.

“This was our first year exhibiting at the IRE and it exceeded our expectations,” says Brett D. Steinberg, national sales manager, Kemper System America. “The foot traffic and the attendees were the right people we wanted to connect with.”

“The 2014 IRE was the busiest and most successful show in recent history,” adds Bill Good, executive vice president of the National Roofing Contractors Association, the show’s official sponsor, who had an 800-square-foot booth at the event. “The roofing industry continues on its path of economic recovery with a positive buzz in the air like hasn’t been felt in several years.”

Educational Conference
In addition to the show floor’s buying and selling activity, the show’s educational conference offered 42 educational sessions addressing a variety of industry issues. A total of 5,807 sessions were sold over the three-day conference, a 45% increase over the 2013 show.

Educational tracks included technical and workplace safety classes, as well as business-related sessions including leadership/management, green building, legal/HR, money matters, sales/service and general business.

“I thought this year’s event was outstanding and especially found the educational offerings to be strong in content,” notes Chad Collins, president at Bone Dry Roofing Company. “The attendance alone in the educational sessions spoke volumes towards the overall participation at this years’ show.”

“All of the classes I attended were very informative and we have already started implementing some of the information that we learned in class,” adds Brian Moore, residential project manager at Roofmasters Roofing and Sheet Metal. “In my opinion this show surpassed my expectation.”

Show-floor Highlights and Special Events
On the show floor, attendees found new products and ideas at the Metal Marketplace that featured 83 booths, the Technology & Business Services Pavilion with 44 booths, the Live Demonstrations with five sessions from FCS Control, Kemper System America and NRCA, and Exhibitor Product Clinics from OMG and Equipter.

At the Product Showcase, attendees were able to see, try and compare the latest products in the following categories: new, sustainable, safety and Made in the USA. Based on innovation, productivity and cost-effectiveness, a panel of industry experts awarded Carlisle SynTec Systems “Best New Product” for its Sure-Flex KEE HP PVC Membrane, while ERSystems & Elastek were awarded “Best Sustainable Product” for its ER OneStep.

“The 2014 IRE was successful,” says Ryan Blad, technical service and support for ERSystems and Elastek. “The biggest highlight would be OneStep winning the Best Sustainable Product award.”

New in 2014, attendees had the opportunity to find new products and meet new exhibitors by participating in the Treasure Quest game. Participants followed a treasure map to each of the participating treasured exhibitors to collect a stamp or a code to plug in the mobile app. Dora Fong of Honolulu Roofing Co., was the winner of $3,500 cash for visiting all seven exhibitors.

Giving back to the Las Vegas community, a pre-show Community Service Day took place on Tuesday, February 25, where 65 attendees and exhibitors enthusiastically volunteered to help renovate the homes of three families in need.

The show’s opening day featured an inspirational Keynote Address by Frank Abagnale, subject of the blockbuster book and movie, “Catch Me if You Can,” to a standing-room only audience of more than 1,300. After recounting tales from his incredible youth as a master forger and imposter, Abagnale said becoming a father and husband is what really changed his life. While he now works with the FBI, he maintains that family is the driving force behind his success.

Attendees and exhibitors networked while enjoying complimentary hors d’oeuvres and drinks at the opening night Welcome Party on Wednesday, February 26, at LIGHT Nightclub at the Mandalay Bay Hotel & Casino.

Save the Date for 2015
The 2015 International Roofing Expo will be held Feb. 24-26, at the Morial Convention Center in New Orleans. Online housing reservations can be made immediately and online registration will open in September.

Oklahoma Roofing and Sheet Metal Receives NRCA/CNA Community Involvement Award

In recognition of its efforts to help children of deployed members of the U.S. military, Oklahoma City-based Oklahoma Roofing and Sheet Metal LLC has been presented with the second annual NRCA/CNA Community Involvement Award, which is sponsored by the National Roofing Contractors Association (NRCA), CNA and the CNA Foundation.

The award honors charitable works performed by NRCA contractor members.

Oklahoma Roofing and Sheet Metal was selected for its involvement with “Horseback Heroes,” an annual event to honor the children of Oklahoma soldiers, by giving them the rare opportunity to spend the day on a working farm, taking part in activities that included horseback riding, cattle roping and tack and grooming.

The event took place on the ranch of Oklahoma Roofing and Sheet Metal President and Chief Executive Officer Gerry Shepherd and was offered free of charge to more than 80 children between the ages of 5 and 16, and their families.

The CNA Foundation will award Oklahoma Roofing and Sheet Metal with $5,000 for the Oklahoma 4-H Foundation, who co-sponsored Horseback Heroes. View the video highlighting the Horseback Heroes program.

Additionally, this year’s honorable mentions each will receive $1,000 from the CNA Foundation; they are Commercial Roofers Inc., Las Vegas, for its work with the University of Nevada, Las Vegas’ scholarship program and Showalter Roofing Service Inc., Naperville, Ill., for its support of the Willow Creek Community Church’s Camp Paradise.

The awards were presented on Feb. 27 at NRCA’s Awards Ceremony and Cocktail Reception held during NRCA’s 127th Annual Convention held in conjunction with the International Roofing Expo in Las Vegas.

NRCA Names Gold Circle Award Winners

The National Roofing Contractors Association (NRCA) has awarded 11 of its member contractors with the prestigious Gold Circle Award during its 127th Annual Convention held Feb. 24-28 in Las Vegas. The award recognizes outstanding workmanship and contributions to the roofing industry, including unique roofing-related jobs, programs and services. Additionally, two companies received a Gold Circle Safety Award for demonstrating superior safety measures.

The 2014 Gold Circle Awards were presented in the following categories:

Outstanding Workmanship: Low-slope

Winner:
James R. Walls Contracting Co. Inc., Clinton, Md., for the International Monetary Fund Headquarters, Washington, D.C.
Honorable Mention:
United Materials LLC, Denver, for Byron White U. S. Courthouse, Denver
Finalists:
Douglass Colony Group Inc., Commerce City, Colo., for Children’s Hospital Colorado, Aurora, Colo.
Waterproofing Associates Inc., Mountain View, Calif., for Doctors Hospital of Manteca, Calif.

Outstanding Workmanship: Steep-slope

Winners:
Bregenzer Brothers Inc., Hopewell, N.J., for the Lawrenceville School, Lawrenceville, N.J.
Hayden Building Maintenance Corp., West Nyack, N.Y., for Vassar College, Poughkeepsie, N.Y.
James Myers Co. Inc., Beltsville, Md., for Dumbarton Oaks, Washington, D.C.
W.A. Lynch Roofing Co. Inc., Charlottesville, Va., for University of Virginia
Honorable Mentions:
Castro Roofing of Texas LP, Dallas, for Dallas City Performance Hall
Ruff Roofers, Baltimore, Md., for Towson University, Towson, Md.
Russell Roofing Co. Inc., Oreland, Pa., for Overbrook School for the Blind, Philadelphia
Finalist:
Carpenter’s Roofing & Sheet Metal Inc., West Palm Beach, Fla., for the Bodenweber residence, Fort Lauderdale, Fla.

Innovative Solution: New Construction

Winner:
D.C. Taylor Co., Cedar Rapids, Iowa, for TD Ameritrade Headquarters, Omaha, Neb.
Honorable Mention:
Carpenter’s Roofing & Sheet Metal Inc., West Palm Beach, Fla., for the Bodenweber residence, Fort Lauderdale, Fla.

Innovative Solutions: Reroofing

Winners:
Clark’s Quality Roofing, Inc., Murray, Utah, for Salt Palace Convention Center, Salt Lake City
Ruff Roofers, Baltimore, Md., for Union Square Pavilion, Baltimore
W.A. Lynch Roofing Co. Inc., Clinton, Md., for International Monetary Fund Headquarters, Washington, D.C.
Honorable Mentions:
Grove Roofing Services Inc., Buffalo, N.Y., for Erie Community College, Buffalo, N.Y.
James Myers Co. Inc., Beltsville, Md., for Dumbarton Oaks, Washington, D.C.
James R. Walls Contracting Co. Inc., Clinton, Md., for International Monetary Fund Headquarters, Washington, D.C.
Finalist:
Lifetime Roofing Ltd., Arima, Trinidad, for Magdalena Grand Beach Resort, Lowlands Tobago

Service to the Community

Winner:
Chamberlin Roofing & Waterproofing, Oklahoma City, Okla., for Chamberlin Volunteer Day for Moore, Okla., Tornado Recovery

Service to the Industry

Winner:
Trent Cotney, P.A., Tampa, Fla., for his service to the roofing industry

Gold Circle Safety Awards

Winners:
Castro Roofing of Texas LP., Dallas, for Dallas City Performance Hall
Douglass Colony Group Inc., Commence City, Colo., for Children’s Hospital Colorado, Aurora, Colo.

PIMA Sponsors Appalachian State Solar Decathlon Europe Entry

The Polyisocyanurate Insulation Manufacturers Association (PIMA) announced that it has signed on as a Kilowatt Level sponsor of Appalachian State University‘s entry to the Solar Decathlon Europe 2014.

Appalachian State University (Appalachian) is one of only three U.S. universities selected to participate in the prestigious Solar Decathlon Europe 2014, an international competition inspired by the U.S. Solar Decathlon that challenges student teams to design and build an energy-independent solar house. Twenty projects were selected for the competition out of a total of 44 candidacies from 23 countries.

“Using effective and accessible products in Maison Reciprocity such as polyiso, allows our team to dramatically improve upon the beloved row house typology without radically changing the norm in terms of products and systems,” says Appalachian State University Graduate Construction Manager, Scott Hopkins. “With a continuous layer of polyiso wrapping the building envelope, we can let more natural daylight into a traditionally long, narrow row house without sacrificing thermal performance.”

Appalachian is partnering with the University of Angers in Angers, France. The collaboration, dubbed Team Réciprocité, will present their energy plus house design, Maison Reciprocity, in Versailles from June 27 through July 14, 2014.

Team Réciprocité is committed to utilizing affordable solutions and practical, technological alternatives, such as polyiso insulation, to ensure that Maison Reciprocity remains highly sustainable throughout its life cycle. Using cross-laminated timber (CLT) as its primary structural system, Maison Reciprocity will be designed in modular, panelized components that may be flat-packed for easy transport and shipping.

“Maison Reciprocity will feature the latest in building systems technology as well as incorporate one of the most energy efficient insulation products available today, polyiso,” says Jared O. Blum, president of PIMA. “With the highest R-value per inch of any insulation product, and the only on that is third party certified, polyiso will be a critical component in this Solar Decathlon Europe entry.

“Our sponsorship underscores the polyiso industry’s commitment to net zero energy buildings – where the future of construction lies,” adds Blum.

Maison Reciprocity will be scalable to fit the needs of different sites, communities and owners while remaining energy independent. The final product will be a re-imagined row house, consisting of multiple stories and units.

“Using effective and accessible products in Maison Reciprocity such as polyiso, allows our team to dramatically improve upon the beloved row house typology without radically changing the norm in terms of products and systems,” says Scott Hopkins, graduate construction manager for Maison Reciprocity. “With a continuous layer of polyiso wrapping the building envelope, we can let in more natural daylight into a traditionally long, narrow row house without sacrificing thermal performance.”

PIMA member Atlas Roofing Company is also a sponsor of Team Réciprocité’s entry, Maison Reciprocity. Atlas Rboard is the main insulation throughout the house with four inches of Atlas Rboard polyiso being used as continuous insulation over CLT and stick frame walls.

The Solar Decathlon Europe will be will take place in France, neighboring the spectacular Château de Versailles June 27 to July 14, 2014.

Metal Construction Association to Hold Summer Meeting in June

The Metal Construction Association (MCA) will hold its 2014 Summer Meeting (previously called the Semi-Annual Meeting) June 23-25, 2014, at the Westin O’Hare in Rosemont, Ill., near Chicago. Look for additional information about the Summer Meeting soon on MCA’s new website.

MCA is a volunteer-led organization with much of the work achieved through strong leadership by its board of directors and member-driven councils and committees. Meetings are typically held in January and mid-year. These events include interactive council and committee sessions with discussion of current work in development, where important actions and activities are addressed.

In addition to meetings, MCA’s major annual event is the METALCON International Exhibition and Conference, which provides product exhibits, educational programs, and demonstrations of the latest field techniques and trends for designers, builders, developers, contractors, fabricators, and suppliers from around the world. METALCON is the only show devoted entirely to the use of metal in construction. The 2014 event is scheduled for Oct. 1-3 at the Colorado Convention Center in Denver.

The Metal Construction Association brings together a diverse industry for the purpose of expanding the use of metal in construction through marketing, research and technology and education. Companies involved in MCA gain tremendous benefit from association activities that focus on research, codes and standards, market development, and technical programs. MCA’s market development efforts increase the use of metal materials in construction through the education of the building and design communities about the benefits of metal.

NRCA Bestows J.A. Piper Award to Robert Therrien

The National Roofing Contractors Association (NRCA) has announced Robert Therrien, president of The Melanson Co. Inc., Keene, N.H., is the 67th recipient of its annual J.A. Piper Award. The award was presented at the association’s 127th Annual Convention held Feb. 26-28 in Las Vegas. The J.A. Piper award is the industry’s most prestigious honor, recognizing roofing professionals who have devoted constant outstanding service to NRCA and the roofing industry.

Therrien, who served as NRCA’s president in 2008-09, currently serves on the association’s National Roofing Council and is a supporter of ROOFPAC, its political action committee.

Prior to serving as NRCA president, Therrien served as NRCA senior vice president from 2007-08; vice president from 1995-96, 2003-04 and 2006-07; and director from 1990-93, 1994-95, 2000, 2001-02 and 2005-06. In addition, he has served on many committees, including the Architectural Sheet Metal, Manual Update, Technical Operations, and Health and Safety committees, as well as the Insurance Board of Governors and NRCA/RCI Task Force Safety Design.

“Rob has served as respected ambassador of our association,” says fellow former NRCA President and 2013 J.A. Piper Award Bob Dalsin, president of John A. Dalsin & Son Inc., Minneapolis.

“They say all your best friends are in this industry, and it’s the truth,” Therrien said while accepting the award. “All I did is learn, and you taught me.”

First presented in 1948, the J.A. Piper Award is named for former NRCA President Joseph A. Piper, whose extraordinary efforts kept the association alive during the Great Depression.

MasterSpec Small Project Enhanced with 55 New Sections

ARCOM is pleased to announce that MasterSpec Small Project has been enhanced to include 55 new sections. Architects and specifiers will now have access to more than 320 sections commonly used for small projects. The additional sections include sustainable design requirements, reroofing preparation, waterproofing and roofing, snow guards, chairlifts and much more. These abridged specification sections are developed specifically for projects limited in size, scope and duration with simpler contractual requirements.

In response to growing client demand, MasterSpec Small Project now features some of the tools and resources included in the flagship MasterSpec software, namely Supporting Documents and Paragraph Builder, two of the most popular tools. MasterSpec Supporting Documents feature checklists, tips, and background research information, helping specification writers improve their efficiency while also reminding them of items that might be overlooked when compiling specification projects. Paragraph Builder is a cloud-based time-saving tool that hosts manufacturer and product information that are continuously and automatically updated.

MasterSpec Small Project is preferred when architects, engineers and specifiers are working on residential, light commercial, renovation, and design-build projects, as well as facilities management and interior fit-out work.

RCMA Elects Officers, Bestows Martin A. Davis Industry Leadership Award

The Roof Coatings Manufacturers Association (RCMA) hosted more than 90 industry attendees at its 2014 Annual Meeting, Feb. 24-25 in Las Vegas. The association elected a new slate of officers to its board of directors and named Brian Anthony, vice president, The Brewer Co., Milford, Ohio, the 2013 recipient of the RCMA Martin A. Davis Industry Leadership Award.

The Martin A. Davis Award, the highest tribute bestowed by the RCMA, is presented on an annual basis to that individual, selected by his or her peers, who has exemplified outstanding service and made significant contributions to the roof coatings industry. The announcement of Anthony as this year’s honoree and the presentation of the award were made on February 24 at the RCMA 2014 Annual Conference at the Luxor Hotel.

Involved in the RCMA’s activities for over 20 years, Anthony has served as both Vice President and President of the Association. “Throughout Brian’s time with the RCMA, he has consistently been looked to as a leader in all aspects of the Association’s development and growth, and has been particularly active with our technical programs,” reports John Ferraro, RCMA executive director.

Anthony is the 29th recipient of the Martin A. Davis Award, first awarded posthumously to Martin A. Davis in 1985. The award was subsequently designated in honor and memory of Davis, a visionary founding member of the RCMA, who served both the Association and the industry with distinction and exceptional service.

In addition to receiving the Martin A. Davis award, Anthony was re-elected to serve on the RCMA Board of Directors. Also elected to fill two vacant seats were John Ivancic, Sherwin-Williams, and Craig Smith, Superior Products International.

The following Officers were elected by the membership at the 2014 Annual Meeting to serve two-year terms:

President: Helene Hardy Pierce, GAF
Vice President: Skip Leonard, Henry Company
Vice President: Steve Heinje, Quest Construction Products
Secretary-Treasurer: Jonathan Dietzel, The SWT Group

“We are thrilled with the turnout at our Annual Meeting,” commented Ferraro. “I believe that the unprecedented volume of first-time attendees is a testament to the hard work put in by our member volunteers and the relevance of our association’s activities.”

The RCMA will next convene in Baltimore, July 14-17, for the association’s International Roof Coatings Conference.

ELFA Monthly Leasing and Finance Index Provides a Survey of Economic Activity

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $827 billion equipment finance sector, showed its overall new business volume for January was $6 billion, up 2 percent from new business volume in January 2013. Volume was down 44 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity.

Receivables over 30 days were at 1.8 percent in January, down slightly from 1.9 percent in December. Delinquencies were unchanged from the same period in 2013. Charge-offs were unchanged from the previous two months at the all-time low of 0.3 percent.

Credit approvals totaled 76.9 percent in January, a decrease from 78.3 percent the previous month. Fifty-four percent of participating organizations reported submitting more transactions for approval during January, a decrease from 57 percent December.

Finally, total headcount for equipment finance companies was up 0.7 percent year over year.

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for February is 63.3, the second highest index in two years and off slightly from last month’s two-year index high of 64.9.

ELFA President and CEO William G. Sutton, CAE, said: “At the start of the new year, equipment finance activity picked up where it left off for most of 2013. New business volume shows modest, incremental growth while credit losses continue at historic lows. With fiscal pressures in Washington subsiding, at least for the time being, and most major U.S. economic indicators showing positive signs, we are hopeful that these factors will help promote a favorable climate for continued investment by U.S. businesses in capital equipment in 2014 and beyond.”

Martha Ahlers, VP/COO, United Leasing Inc., added: “The Monthly Confidence Index results for the last two reported periods provide continued optimism for the year ahead. Beginning 2014 with a 63.3 MCI, the 2nd highest mark in the last 24 months, is also extremely promising and serves as evidence of stability and positive velocity within our industry. In the Monthly Leasing and Finance Index, origination volumes year-over-year are also up, while maintaining historically low delinquency and charge-offs—an indication of continued health. The combination of these positive indicators creates a huge amount of excitement for potential growth.”

About ELFA’s MLFI-25
The MLFI-25 is the only index that reflects capex, or the volume of commercial equipment financed in the U.S. The MLFI-25 is released globally at 8 a.m. Eastern time from Washington, D.C., each month on the day before the U.S. Department of Commerce releases the durable goods report. The MLFI-25 is a financial indicator that complements the durable goods report and other economic indexes, including the Institute for Supply Management Index, which reports economic activity in the manufacturing sector. Together with the MLFI-25 these reports provide a complete view of the status of productive assets in the U.S. economy: equipment produced, acquired and financed.

The MLFI-25 is a time series that reflects two years of business activity for the 25 companies currently participating in the survey. The latest MLFI-25, including methodology and participants is available below and also at http://www.elfaonline.org/Research/MLFI/

MLFI-25 Methodology
The ELFA produces the MLFI-25 survey to help member organizations achieve competitive advantage by providing them with leading-edge research and benchmarking information to support strategic business decision making.

The MLFI-25 is a barometer of the trends in U.S. capital equipment investment. Five components are included in the survey: new business volume (originations), aging of receivables, charge-offs, credit approval ratios, (approved vs. submitted) and headcount for the equipment finance business.

The MLFI-25 measures monthly commercial equipment lease and loan activity as reported by participating ELFA member equipment finance companies representing a cross section of the equipment finance sector, including small ticket, middle-market, large ticket, bank, captive and independent leasing and finance companies. Based on hard survey data, the responses mirror the economic activity of the broader equipment finance sector and current business conditions nationally.

ELFA MLFI-25 Participants

ADP Credit
BancorpSouth Equipment Finance
Bank of America
Bank of the West
BB&T Bank
BMO Harris Equipment Finance
Canon Financial Services
Caterpillar Financial Services
CIT
De Lage Landen Financial Services
Dell Financial Services
Direct Capital Corporation
EverBank Commercial Finance
Fifth Third Equipment Finance
First American Equipment Finance, a City National Bank Company
GreatAmerica Financial Services
Hitachi Credit America
HP Financial Services
Huntington Equipment Finance
John Deere Financial
Key Equipment Finance
LEAF Commercial Capital
M&T Bank
Marlin Leasing
Merchants Capital
PNC Equipment Finance
RBS Asset Finance
SG Equipment Finance
Siemens Financial Services
Stearns Bank
Suntrust
Susquehanna Commercial Finance
TCF Equipment Finance
US Bancorp Equipment Finance
Verizon Capital
Volvo Financial Services
Wells Fargo Equipment Finance