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Rosenthal Acquires Factoring Division of Lyon Credit Services, Expanding Capabilities, Reach Across Furniture Sector

April 20, 2023, 08:00 AM
Filed Under: Mergers & Acquisitions

Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced it has acquired Lyon Capital Corporation, the factoring division of Lyon Credit Services, the premier credit reporting agency in the home furnishings industry since 1876.
 
Since the firm’s $2 billion acquisition of BB&T’s factoring portfolio in 2018, Rosenthal has continued to expand its factoring services and has cemented its position as a trusted financial partner for countless businesses in the furniture and home décor space.
 
“Lyon Credit Services has been a major figure in the furniture industry for over 147 years. We look forward to welcoming Lyon’s clients into the Rosenthal family and supporting them with our full complement of products and services as they grow their businesses,” said Peter Rosenthal, Co-President of Rosenthal. “This acquisition is another important step for our firm as we continue to broaden Rosenthal’s factoring capabilities as well as our scope and reach across the furniture sector.”
 
“In today’s ever-changing financial environment, Rosenthal is well positioned to add a depth of experience and coverage to better service Lyon Capital customers,” said Rick Mantin, President of Lyon Credit Services. “Since 1938, Rosenthal has had a reputation in the factoring industry for honesty, integrity and outstanding customer service.”
 
Rosenthal also named Jeff Winans Vice President and Business Development Officer, effective May 1. Based in Texas, Winans joins Rosenthal from Lyon Credit Services, where he served as a sales executive for 12 years.
 
All Lyon Capital factoring clients will transition to Rosenthal’s platform effective May 1. Lyon Mercantile Group will continue to focus on providing industry-specific credit information and Lyon Collection Services will continue to provide third-party collections to clients nationwide, including Rosenthal.







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