AFG and Lightbrook announced the launch of Alliance Equipment Finance, a new standard of efficiency and expertise to equipment financing. Specializing in transactions ranging from $5 million and $50 million, AEF offers businesses streamlined financial solutions to support critical capital investments.

Randy Hicks, President and CEO; Todd Greenberg, Chief Risk Officer; and Ryan Elsass, Chief Revenue Officer will lead AEF. Hicks and Greenberg have worked together for over a decade at Nations Equipment Finance. Greenberg brings a terrific balance of risk assessment with the ability to deliver thoughtful solutions to our clients.

Elsass joins AEF from 36th Street Capital where he developed and fostered deep relationship with large privately held companies as well as many private equity sponsors. He has enjoyed many years of success originating large ticket transactions across many industries and collateral types. I couldn't be more excited for him to lead our origination effort.

Hicks brings over 30 years of experience in equipment leasing, corporate finance and business development. His extensive career includes co-founding Nations Equipment Finance, where he led origination efforts across the U.S. and Canada, as well as holding senior leadership roles at GE Capital. Hicks' proven expertise in structuring complex financial solutions establishes AEF as a trusted partner for businesses managing sophisticated capital needs.

"I hope to impart my experience while empowering my colleagues to take on leadership roles and build a business that delivers for our clients and a portfolio that produces for our partners," Hicks said.

Alliance Equipment Finance leverages the strategic support of Alliance Funding Group (AFG), founded in 1998 by Brij Patel. As a seasoned leader in the equipment financing industry, Patel has built AFG into a powerhouse, originating over $3B in leased assets across a wide range of industries.

AEF will be supported by Lightbrook, founded by former Truist Bank investment banking veterans Andrew Carroll and Prashant Upadhyay.

"Andrew and Prashant, I refer to them as our secret weapon, bring unparalleled experience in sourcing and delivering external capital and ABS directly into our business. They know exactly how our portfolio can be constructed to provide us access to the most cost effective capital available in the market. I do not believe this level of in-house experience exists with any other independent equipment finance platform today", Hicks said.

AEF's mission is to empower businesses with reliable large scale financing solutions rooted in decades of industry knowledge. By prioritizing precision and execution, AEF ensures transactions are handled efficiently and accurately, delivering dependable results for every project.

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