GemCap is pleased to announce the addition of Jim Thieken as Executive Vice President and Annie O’Connor as Accountant.

Thieken brings 23 years of experience in mergers, acquisitions, and divestitures in retail, wholesale and manufacturing environments across multiple industries.  He was previously Senior Vice President and Principal at SB Capital Group, LLC, where he led numerous divestiture transactions and successfully helped lead the acquisition of a $200 million gross revenue retailer, during which Jim spearheaded financial analysis, developed corporate structure, implemented core Information Technology and Payroll systems, and developed the operational team necessary to facilitate the acquisition.

“We are excited to welcome Jim at GemCap, said Richard Ellis, Co-President of GemCap. Jim’s depth of experience in asset valuation will make him a great addition to our team. He will oversee the day to day operations with us, including our underwriting and portfolio”

David Ellis, Co-President, notes: “I’ve had the pleasure of working with Jim in various capacities for nearly 20 years and am excited to have him as part of our team.”

O’Connor joins GemCap with more than 7 years of experience as an accounting professional servicing local corporations. Prior to that, she owned and operated a retail business in Malibu.

“Annie is a well-respected accountant and we are happy that she joined GemCap”, said Richard Ellis.

GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million.