Gibraltar Business Capital announced that Jim Marasco, a widely respected senior executive leader who served on GBC’s Board of Directors, is joining the GBC leadership team as Head of Originations.

Prior to Gibraltar, Marasco spent over three decades with Wells Fargo Capital Finance and its predecessor Foothill Capital Corporation, where his last role was Senior Managing Director and National Head of Originations. Marasco has deep expertise in all aspects of secured and asset-based lending, leveraged finance, transaction sourcing and portfolio management. Beyond his experience in sales management, he has an extensive background leading underwriting, loan syndications and bank products teams. He played a major role in driving growth while at Wells Fargo Capital Finance through his work developing innovative product solutions, expanding the firm’s geographic footprint, and establishing the firm’s robust sponsor coverage focus.
 
While at Wells Fargo Capital Finance, Marasco was a critical member of the senior credit committee for its ABL and specialty businesses (Technology, Retail, Lender, Healthcare, and International Finance businesses). He served on the firm’s administrative, management, and operating committees — providing him with deep insight into all facets of the firm’s operations.

Importantly, Marasco’s background also includes experience working extensively with GBC Chief Credit Officer Jeffrey Stanek at Wells Fargo Capital Finance which together with his prior GBC board role will ensure a smooth leadership transition for Jim and the GBC team.

In his new role, Marasco will lead a team of high performing originators responsible for providing creative and reliable financing solutions to lower middle market companies across the U.S. He has considerable experience working with distressed, turnaround, and special situation credits across a broad spectrum of industries.

“I am incredibly excited about GBC’s growth prospects under Jim’s leadership,” said Gibraltar’s CEO Scott Winicour. “His value to our team is evident in his track record of success, industry reputation, and synergies with our leadership team.”
 
Marasco earned his accounting degree at Michigan State University/Eli Broad College of Business. He started his career in asset-based lending at GE Capital before ultimately joining Foothill Capital Corporation in 1989.  

Marasco’s addition to the leadership team at Gibraltar Business Capital further positions the organization for continued success and innovation. Gibraltar recently increased their financing capabilities with an up market expansion and also launched a new equipment financing company, Gibraltar Equipment Finance within the past month. Gibraltar Business Capital is a portfolio company of multi-billion-dollar specialty financing company, Hercules Capital, Inc.