DLL, a global provider of asset-based financing solutions, recently announced it formed a new Global Business Unit (GBU), Direct Solutions, to lead the organization’s innovative approach around usage-based consumption products and further develop a customer direct business model to compliment the company’s award-winning global vendor finance business. Steve Riggs, a long-time industry veteran with over 35 years of experience in equipment finance and part of the DLL leadership team since 2004, has been named President of the GBU.
In addition to further development of consumption-based models such as pay-per-use and managed solutions, the GBU will be charged with exploring future growth sectors for DLL. The activities of the GBU will span potential entry into new industry verticals, equipment markets and customer segments, with a focus on direct business, that can be deployed across the vast global network of DLL. In addition, the GBU will focus on strategic acquisitions for DLL that complement DLL’s strategy, particularly those acquisitions that bring expanded product and service capabilities or specialized knowledge to DLL.