Mount Laurel, NJ – July 30, 2025 – PEAC Solutions announces the upcoming retirement of Tibor Horvath, Senior Vice President, from his full-time role as the Global Lead in the Construction, Transportation, and Industrial (CT&I) Division, effective July 31, 2025. A respected veteran in equipment finance, Horvath is concluding a distinguished four-decade career and transitioning into a consultant for PEAC, focusing on building the Material Handling and Forklift business sectors.
"I have had the pleasure of working with Tibor for many years,” said PEAC’s Global CEO, Bill Stephenson. “His knowledge, leadership, and strong work ethic have played a crucial role in establishing PEAC Solutions as a leader in the construction industry. Less than three years ago, when we launched PEAC, we had minimal visibility or presence in the market. Thanks to Tibor's dedication, we are now recognized as one of the leading global leasing companies in this sector."
Horvath joined PEAC in 2022 during a time of strategic expansion. His focus on building scalable vendor relationships has positioned PEAC as a premier financing partner across the CT&I space. Under his leadership, this business segment grew from $125 million in volume in 2022 to $340 million in 2025, and he played a direct role in onboarding over 20 new vendor partners during that time.
Before joining PEAC, Horvath held executive leadership roles at several global finance institutions, contributing to his reputation as one of the industry’s most well-rounded and respected voices.
Ralph Cioffi, Vice President – Industrial Retail Sales at PEAC, stated, "As I reflect on my time working with Tibor, I can say the last three years have been the most transformative of my career, and I credit a lot of that to Tibor’s presence. His leadership style didn’t just guide – it challenged. He consistently pushed boundaries, encouraging me to think beyond conventional limits and approach problems with bold, strategic vision."
Throughout his time at PEAC, Horvath has been more than just a leader – he’s been a trusted mentor and advocate for his team and partners. His global perspective, deep industry expertise, and people-first leadership style will leave a legacy at PEAC and within the equipment finance community.
“Tibor’s knowledge, experience, and passion for equipment leasing in the material handling and construction segments is irreplaceable. It has been my good fortune to have him as a mentor, a colleague, and most importantly, a friend,” said Jeff Gocken, Vice President – National Account Manager at PEAC Solutions.
The leadership team and employees of PEAC Solutions extend our heartfelt gratitude to Tibor for his outstanding contributions. Horvath will continue to share his expertise and provide strategic guidance to PEAC Solutions. This shift marks not only the culmination of a remarkable career but also the beginning of a new way for Horvath to support PEAC's growth and future initiatives.
About PEAC Solutions
PEAC Solutions is a leading multinational asset finance platform specializing in providing innovative finance solutions to equipment manufacturers, distributors, and dealers across a wide range of industries and asset classes. With a strong focus on customer service, PEAC Solutions offers lease and loan products that enable businesses to access the equipment and technology they need to enhance productivity and growth. Operating across North America, Europe, and the United Kingdom, PEAC Solutions has built a robust global network capable of delivering tailored financial solutions to diverse markets. For more information, visit www.peacsolutions.com.