National + Finance | March 2, 2016

Wells Fargo Completes $27.4B Deal With GE Capital

San Francisco-based Wells Fargo & Company completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses, as well as a some of its Corporate Finance business. The transaction totals $27.4 billion of assets, including approximately $24 billion of loans.

Once the remaining international assets are folded in later this year, it will bring some $31-billion in assets to Wells Fargo, as well as roughly 2,800 employees. Fairfield, CT-based GE plans to focus on its industrial businesses, after selling GE Capital’s assets.

Wells Fargo says the acquisition strengthens its capabilities and deepens customer relationships in key commercial lending markets across the U.S. and Canada.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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