In August 2011, the Canadian equipment finance company, Element Financial Corporation, announced the acquisition of substantially all assets of Alter Moneta, an established Montreal-based equipment leasing organization.
Alter Moneta was one of North America's fastest-growing independent financial services companies – with significant market presence on both sides of the United States and Canadian border. It provides funds to purchase or lease a wide variety of new and used revenue-producing equipment for middle-market businesses in the trucking and warehousing, construction, passenger transport, manufacturing, and waste management sectors.
Alter Moneta was represented by a Fasken team lead by David Lemieux and Diane Bertrand with the significant contributions from Sean Stevens, Claude Jodoin, Caitlin Rose and Jay Choi.