Founded in 1957, Telerent was acquired in 1989 by ITOCHU International, the North American subsidiary of Japan 's ITOCHU Corporation.
Telerent has been serving the hospital and lodging industries for over 45 years and currently has service and lease contracts with approximately 5,000 hotels, hospitals and restaurants throughout the U.S.
Telerent is the exclusive distributor of Philips TVs to hospitals and is one of the largest distributors of GE air conditioners and Philips TVs to the lodging industry. Telerent is also the nation’s largest non-pay-per-view distributor of DirecTV satellite headends and programming to hotels. A significant portion of Telerent’s equipment sales is financed through Telerent’s in-house leasing program.
For more than 10 years, Telerent has also provided a significant amount of lease financing to hotels and restaurants for equipment purchased from third parties.
Telerent’s leases are typically five-year, bargain purchase option leases.
| 1957 |
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Founded as Southern Frontier Finance Company |
| 1969 |
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Renamed Telerent Leasing Corporation |
| 1983 |
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Acquired by The Aviation Group, Inc. |
| 1989 |
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Acquired by ITOCHU International, Inc. |
| 1992 |
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Acquired $45 million RCA TV lease portfolio from GE Capital |
| 1993 |
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Launched Vendor Capital Group (VCG) to provide third-party financing |
| 1994 |
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TeleHealth Services (THS) formed, current President George Fleming joined TLC as General Manager of THS |
| 1996 |
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THS acquired the healthcare assets of Granada North America ,becoming market leader in hospital television systems in the U.S. and Canada |
| 1998 |
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Formed FTG (Free-To-Guest) to provide satellite programming to the hospitality industry. |
| 2000 |
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Telerent combined its Lodging Systems sales group and the recently-acquired MGC group into Allegiant FF&E sales group. Also created Beacon Insurance Company (insurance captive), and sold healthcare business of Telerent of Canada to SaskTel. |
| 2002 |
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Created the Finance Group to bring together all the lease financing operations of the company |
| 2003 |
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TeleHealth Services introduced TIGRNet and TIGRVue interactive television product lines for hospitals |
| 2004 |
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Telerent discontinued Allegiant hotel furnishings sales to focus on core business |
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Achieved highest profit level in 40 year history |
| 2005 |
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Telerent acquired healthcare assets of Tenavision, Inc. |
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