On Tuesday, well-known technology services company General Electric Co (GE) is selling its $30 billion business (roughly $32 billion in assets) in commercial lending and leasing to San Francisco-based bank Wells Fargo (WFC). The deal is part of GE's previously announced restructuring plan in which the company is seeking to create a simpler, more valuable company. The deal includes the management, employees (which there is about 3,000 of), and platforms of GE Capital Commercial Distribution Finance and GD Capital Vendor Finance. This sector of GE provides financing to support the flow of goods from manufacturers to dealers in six core industries: marine, recreational vehicles, motorsports, outdoor products, technology, electronics and appliances. In a company news release, GE capital Chairman and CEO Keith Sherin said "this is our largest transaction to date and a critical step in our efforts to reduce the size of GE Capital.