Chesswood Group Limited, publicly traded on the Toronto Stock Exchange, is a financial services company operating primarily in the specialty finance industry. Chesswood's approach to creating long-term value for its shareholders is to acquire financial services businesses that have proven management teams with market positions poised for growth, and to enhance these strengths through the provision of strategic, operating and financial support.
Pawnee Leasing Corporation, located in Fort Collins, Colorado, is Chesswood's largest operating company. In business since 1982, Pawnee is an industry leader in commercial micro-ticket equipment finance to small and medium-sized businesses across the lower forty-eight states of the U.S. Pawnee's operating income comprises approximately 80% of Chesswood's consolidated operating income.
Windset Capital Corporation began underwriting working capital loans for small business across America, in October 2013. Windset utilizes Pawnee's loan administration and collection staff to service their loan portfolio. In September 2016, Windset ceased accepting new loan applications but continues to services its existing portfolio.
Blue Chip Leasing Corporation, acquired in March 2015, has been financing commercial equipment since 1996 and continues to be one of Canada's fastest growing leasing companies. Blue Chip specializes in providing equipment finance for small to mid-size transactions for businesses and along with Pawnee Leasing, provides Chesswood with a North American footprint in the small ticket equipment finance market. Northstar Leasing Corporation, acquired in January 2014, is Chesswood's Canadian non-prime equipment finance business. In June 2015, Northstar was amalgamated into Blue Chip. Northstar's non-prime lease products are still offered and are a key part of our lease and loan offerings.