VANCOUVER, March 2,
2015 /CNW/ - Accord Financial Corp. ("Accord")
(TSX:ACD) today announced that its subsidiary Varion Capital Corp.
("Varion") will begin doing business as Accord Financial effective
immediately. This change completes Varion's transition into a
national equipment finance company operating under the Accord
banner.
"This rebranding is a natural step for Varion,
and reinforces to our key stakeholders that Varion, now Accord, is
part of a strong national finance company" says Simon Hitzig, President of Varion.
Since Accord acquired Varion on January 31, 2014, the company's strategy has
focused on leveraging the brand presence and financial strength
that comes with being part of the Accord Group. In particular,
coming under the Accord umbrella has allowed Varion to finance
larger transactions and to forge new partnerships with regional and
national equipment vendors.
Varion's western Canadian presence also supports
Accord's overall commitment to provide a full range of financing
services to clients nationwide. Bringing the Accord brand to
Varion's western base solidifies Accord's position as a premier
national finance company.
"From coast to coast, Accord now offers a full
spectrum of asset-based lending, from factoring and inventory
finance, to equipment leasing and supply chain finance" adds
Hitzig, "together with our strong U.S. presence, we are
well-positioned as a North American leader in alternative
finance."
About Varion Capital Corp.
Since 2004 Varion Capital Corp. has financed equipment for small
and medium-sized business, serving a broad base of Canada's most dynamic industries, from
forestry and energy to construction and manufacturing. Varion's
success has been built on its commitment to supporting SMEs
directly, and on its strong relationships with regional and
national equipment vendors.
About Accord Financial Corp.
Accord Financial Corp. is a leading North American finance company
providing distinctive working capital solutions to companies from
coast to coast. Accord's flexible finance programs cover the full
spectrum of asset-based lending, from factoring and inventory
finance, to equipment leasing and trade finance. For 37 years
Accord has helped businesses manage their cash flows and maximize
financial opportunities – keeping business liquid.
SOURCE Accord Financial Corp.