Our Business

What We Do

We are a commercial vehicle and equipment leasing company, providing business solutions for new and established businesses across Canada. We are "Focused on Solutions®". We strive to provide our strategic partners with competitive, unique and innovative equipment financing products and services to assist their customers to finance their growth and their dreams.  We are proud to be one of Canada's only broker-based equipment and vehicle leasing companies.

Our Goals

We asked our team members to express our company goals in their own words. Here's what they said:

Quote 1: “To be the best company in this industry” | Quote 2: “Make our customers’ dreams come true” | Quote 3: “To provide excellent customer service” | Quote 4: “Create an environment where team members can grow”

Our Brands

We have three distinct brands under the Bennington umbrella and they service different credit markets. By offering expanded risk segment coverage, we are able to maintain a customer for life focus.

Click to visit Equirex's site (a new window will open)
Kempenfelt | A Division of Bennington Financial Corp.
Click to visit Bodkin's site (a new window will open)
This graphic depicts Bennington's market coverage at a company level: Equirex and Kempenfelt cover the Start-Up segment, Kempenfelt and Bodkin cover the Established segment and Bodkin and Bodkin Prime cover the Mature segment. There is an arrow to indicate improving credit: Customers following this trajectory may move from Equirex to Kempenfelt to Bodkin to Bodkin Prime. There is an arrow to indicate weakening credit: Customers following this trajectory may move from Bodkin Prime to Bodkin to Kempenfelt to Equirex.

How We Do Business

Offer competitive, creative and innovative finance and leasing products | Our actions are ethical and beyond reproach | Ensure our team members are engaged in their roles | actively solicit and act on feedback from our strategic partners | we are “focused on solutions®”

Meet the Leadership Team

Larry Mlynowski

Founder & Executive Director

Larry is wearing a navy blazer with a crisp white shirt and a dark blue tie detailed with a small square pattern. He wears glasses and a big, bright smile.

Larry is the Founder and Executive Director of Bennington Financial Corp., having started Equirex Leasing Corp. in 1996. In 2011, Larry purchased Bodkin Capital, a privately owned and established commercial equipment and vehicle leasing company. With this purchase, he formed Bennington Financial Services Corp., under which the Equirex and Bodkin brands would reside. By 2018, with Larry's vision, drive, and guidance, Bennington Financial Services Corp. had become the largest independent commercial equipment and transportation leasing company in Canada, specializing in the alt “A” credit segments.

In 2019, Bennington was purchased by Equitable Bank and became a wholly owned subsidiary of the Bank. The company was renamed Bennington Financial Corp.

Larry has over 50 years of business experience in multiple senior executive positions throughout Canada.

Larry graduated with a Bachelor of Commerce degree, majoring in Accounting and Operations Research from McGill University in 1968. He earned his Master’s in Business Administration, graduating with high distinction, majoring in Marketing and Operations Research, from the University of Michigan in 1972.

Troy Campbell

President & CEO

Troy is wearing a dark blue blazer with a purple textured shirt. He has a slight smile.

Troy is President and CEO at Bennington. He joined Bennington in 2016 as the President and COO for Equirex Leasing Corp. In 2018, Troy was promoted to the position of President and COO for both Equirex and Bodkin. Prior to joining Bennington, Troy held the position of President at Element Fleet Financial. Troy has over 22 years of executive and senior management experience with other leading Canadian leasing and financial institutions. Troy holds a BBA with a concentration in Finance and Marketing from the University of New Brunswick.

Joe Adragna

Chief Financial Officer

Joe is wearing a white shirt with a blue floral design, under a navy jacket. glasses and has a goatee. He is wearing a He is looking at the camera with a slight smile

Joe is Bennington’s Chief Financial Officer. He joined the company in 2020 with over 25 years of Finance and Accounting experience in the financial services industry. Prior to joining Bennington, Joe was the Director, Finance Projects and Internal Controls for Bennington’s parent company, Equitable Bank. He joined Equitable Bank in 2017 after having held several Finance positions at CIBC including Director, HR Financial Governance and Controller of CIBC Investor Services Inc. Joe holds an MBA from Wilfred Laurier University and is a CPA, CMA.

Amanda Hoey

Vice President, Operations

Amanda has a welcoming smile. She is wearing a long sleeve blouse in raspberry and thin black glasses.

Amanda is Bennington’s Vice President, Operations, responsible for the Funding, Contract Modifications, Quality Assurance, Customer Service and Insurance Departments. She started her career in 1989 at Pitney Bowes Leasing, moving to CITI Capital in 2003 before joining Bodkin Leasing in 2006. This experience combined with her time at Bennington adds up to over 30 years of leasing industry experience.

Shahan Khan

Vice President, Legal & General Counsel

Shahan is wearing a dark grey shirt and blazer with a white pocket scarf peeking out of the breast pocket. His smile is inviting.

Shahan is Bennington’s Vice President, Legal and General Counsel. Shahan joined the company in 2012 as Legal Counsel and has practiced law for over 10 years. Prior to joining Bennington, Shahan worked for different law firms in the Greater Toronto Area. Shahan obtained his B.A. (Hons) from the University of Toronto, graduating with high distinction and earning his J.D., from the University of Toronto.

Sergio Carvalho

Vice President, Credit

Sergio is wearing a dark gray jacket with a light shirt and a red and purple tie. He has metal frame glasses, a goatee and a slight smile.

Sergio is Bennington’s Vice President, Credit. Sergio joined the company in 2009 as a Credit Analyst, moving into various Credit management roles over the years, including Director, Credit for Equirex Leasing Corp. In 2019, Sergio was promoted to Vice President, Credit for all Bennington brands. Prior to joining Bennington, Sergio worked for RBC from 1995 to 2001 and for Wells Fargo Auto Finance as a Lending Manager from 2004 to 2009. Sergio holds a B.A. from the University of Toronto and an M.S. Ed. from Daemen College.

 

Raja Singh

Vice President, Business Development

Raja has a big smile and thin wire glasses. He is wearing a grey blazer with a red patterned tie over a white and blue shirt.

Raja is Vice President, Business Development at Bennington. He joined Bodkin Leasing in 2003 as Senior Vice President, Corporate Development. Prior to joining Bodkin, Raja was Vice President, Financial Services at Pitney Bowes Credit Corporation and has also held senior leadership roles at Tilco Party Time/Tilco International, Paccar Finance Service Ltd. and Carlson Marketing Group Ltd., where he started his career. Raja attended Humber College as well as Ryerson University and the University of Toronto with a concentration in Accounting and Auditing and holds the designation CPA, CGA.

Katie Denis

Director, Human Resources

Katie is wearing a forest green long sleeve blouse. She is grinning.

Katie is Bennington’s Director of Human Resources. She joined the company in 2008 as a Customer Service and Credit Coordinator for Equirex Leasing Corp. In 2010, Katie started the Equirex Human Resources department and with the purchase of Bodkin Leasing Corp. in 2011, the Bennington Human Resources Department was formed. Katie has over 10 years of experience as a Human Resources Professional, holds a B.A. (Hons) from Brock University, a post-graduate diploma in Human Resources Management and has also earned her designations as a CHRP, CHRL.

Dave Colic

Vice President, Technology

Dave is wearing a light gray jacket with blue details over a navy blue shirt. He has a beard and a big smile.

Dave is Bennington’s Vice President, Technology. Dave joined Bennington in 2018 as the Director of Information Technology and has over 17 years of IT leadership experience. Prior to joining Bennington, he held a variety of IT leadership positions including IT Director, IT Operations Manager and IT Manager at InvestorCOM and BIOX.  Dave started his career as an entrepreneur leading architecture, design and development of applications at his small start-up for several years. Dave holds a Bachelor of Technology Degree from McMaster University as well as a Master of Business Administration Degree (MBA) from Degroote School of Business.

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