Since 1977, we've been on a wild ride
From a small two-man operation housed over a quaint automotive service centre in Winnipeg, to the nationwide equipment leasing leader we are today, we've aimed to make leasing quick and hassle free. Of course our success would be nothing without you, our fantastic customers.
We recorded our highest annual sales volume in history at $1.19 billion and surpassed $100 million in monthly funded volume seven months in a row – another first. In addition, a year of internal change brought a new human resources system, pay scale and enhanced IT security to our employees.
We become the largest and longest-standing equipment financing company in Canada. CWB Financial Group purchased the commercial and vendor assets from ECN Capital Corp on January 31, 2018, dispersing management of financing agreements to CWB National Leasing, making us the largest equipment financing firm in Canada!
40-year industry veterans Tom Pundyk, Alex McKay, Al Kowalec and Jackie Lowe retired from our Leadership Team making way for Michael Dubowec to become our new President and CEO.
We turn 40! Thanks to the 250,000 Canadian businesses like yours that made us into the financial experts we are today. Let’s see where the next 40 years take us.
We spark innovation with the launch of National Leasing Interactive, which earns us ELFA’s 2016 Operations and Technology Excellence award. We also launch Take a Stand, our community and workplace wellness initiative and earn two more awards: Aon’s Best Employers for the 10th straight year and Canada’s Top 100 Employers.
We launch our Customer First Certification to all staff and the improved customer service pays off. We reach an all-time sales record of $874 million and hire 52 new employees to keep our service top notch! The 10 Most Admired Corporate Cultures, Best Small and Medium Employers in Canada and Manitoba’s Top 25 Employers awards follow.
The Times they are a changin’! We bid farewell to our co-founder Nick Logan as he retires, and Tom Pundyk becomes our new President and CEO. We reach an all-time monthly sales record of over $70 million in October, acquire UMA Finance and take home a number of awards. To celebrate, we hold our first ever National Leasing Gala, where we recognize our most outstanding employees with our inaugural R.M. Chipman Awards.
Who knew we'd get here, but we break $1 billion in total net investments in leases. To help keep us booming and better serve our prairie customers, we acquire MapelLease Financial Services.
We launch our new easy-to-use website, complete with videos showing why we lead the leasing industry. Oh yeah, we also introduce a little guy named Phil. The United Way of Winnipeg honours us with the Campaign Chair Award for outstanding commitment to the community for the third time. Our yearly donation to the United Way reaches nearly $270,000. We also purchase Financière Globale and establish an office in Montreal.
We win the 10 Most Admired Cultures Award by Waterstone Human Capital for the second consecutive year.
Eva, the office dog.
To keep leasing to more and more customers, we look to create a mutually beneficial partnership with a bank. We proudly join the Canadian Western Bank Group of Companies to expand our funding capabilities. We continue to focus on our employees and win the 10 Most Admired Cultures Award by Waterstone Human Capital.
Our 282 staff members chime in online to recommend features for our new office, and we listen. We add a bigger gym and fitness area, reading and quiet rooms, and two plush lunch rooms to our huge new open-space office at 1525 Buffalo Place. The building, which we renovated from an old factory, helps win us a few of Maclean's Magazine The Green 30 awards as one of Canada's top eco-friendly employers.
Aon Hewitt recognizes us as one of the 50 Best Small and Medium Employers in Canada, recognition we continue to earn year-over-year. We also receive the Refit Healthy Living Award in recognition for our encouragement of healthy, active living.
We give $500,000 to the Canadian Museum for Human Rights, our largest one-time corporate donation. Our history of growth earns us recognition by Manitoba Business Magazine as one of Manitoba's 50 Fastest Growing Companies. Our total net investment in leases reaches over $500 million.
We're thrilled to start handling lease administration services for RBC Leasing. We expand our leasing to Prince Edward Island, creating a sales presence across Canada. We also add more employees, bringing our staff numbers to 267.
A healthy employee is a happy one. We establish a health committee, build an on-site gym and create Café National at head office in Winnipeg. We also acquire Toronto-based Vernon Rentals & Leasing Inc. and First Affinity Capital Corp.
We aim for a hole in one by introducing our Golf and Turf leasing program. We increase our total net investment in leases to $350 million and increase our staff to 189 employees.
To help enliven Winnipeg's core, we invest with True North Entertainment to help fund the construction of the city's new downtown arena and the eventual return of the Winnipeg Jets. We graciously accept the Business Technology Solutions Award from the Equipment Leasing Association for the development of our innovative Securitization Administration System. We add veterinary equipment under our medical program leasing.
We unveil a new logo and write over 45,000 leases for a total net investment in leases of over $300 million.
We make leasing simpler. Our IT department launches FastCredit® 2.0 and Customer Service On-line. Also, we can never be too safe with our customer's private information, so we create our Risk Management Department and beef up our staff to 175 people.
We're passionate about leasing, so we create our Marketing Department to get the word out. Our growing staff, now at 166, helps us write over 34,000 leases for a total net investment in leases of over $200 million.
A busy year for National Leasing:
- Thanks to new equipment leasing agreements with top leasing representatives in Ontario and Atlantic Canada, we continue to beef up our sales presence in the East
- We're the first equipment leasing company to do business online with the launch of a website and FastCredit® automated credit adjudication system, which is recognized as one of the year's "Best Software Solutions" by Microsoft
- With 149 employees and over $140 million in net investment in leases, we move into a new setup at 1558 Willson Place in Winnipeg
We make communication easier as we start using Internet and email, hoping it will catch on. We centralize our administration services in Winnipeg to improve service, and employees outside the city can now work from home.
We change our name from National Equipment Leasing Ltd. to National Leasing Group Inc. The name changes, but our service standards and values don't. Our staff grows to 80 employees, and we expand operations to Nova Scotia.
We're doing something right. Deloitte Touche LLP and the National Post recognize us as one of the 50 Best Managed Companies in Canada, an award we win for the next 16 years. To celebrate, we start leasing agriculture equipment, further develop broker relationships and increase our staff to 75 employees.
Let's make our jobs easier to help serve you better. We start using personal computers, and we create a broker division that helps us keep growing in the East. Our lease portfolio grows to over 12,000 leases for a total net investment in leases of $37 million.
We grow to 57 employees. We add insurance services and an employee profit-sharing plan; because there's nothing wrong with having a security blanket and investing in what makes you great.
We reach a milestone! Our lease portfolio grows to 10,000 leases for a total net investment in leases of $19 million.
Canada is hit with another recession. The building blocks we built from the past recession help us through, and people are really taking to us. We open offices in Quebec and Saskatchewan.
Our new offices in the West weren't enough. We open another in Ontario, connecting us to Eastern Canada and allowing us to lease with plenty more customers.
We're growing a little bit. National Equipment Leasing becomes a separate division of Megill and expands its services outside Winnipeg to Calgary, Edmonton and Vancouver.
We move into new digs, relocating from 1595 and 814 Erin Street to 276 Colony Street in Winnipeg.
We upgrade from our loose-leaf paper to our automated Lease Management System, which operates on a cutting-edge giant computer that has less processing power than a modern cell phone.
We struggle through the energy crisis recession but take what we learn and form the foundation for our future: strong management and stronger customer service.
And so it started with a piece of paper. National Vehicle Leasing, now a formal division of The Megill Stephenson Company Ltd., enters into its first equipment lease when we record a lease for a Codaphone phone call recorder on a piece of loose leaf paper.