Tiger Group announced an executive-level promotion that positions the company for further growth at a time of rising demand for its financial, disposition, asset-valuation and advisory services. Ryan Davis has been promoted to Chief Operating Officer, having previously led a nationwide team of appraisal group associates, financial analysts and writers as Executive Managing Director of Tiger Valuation Services. He assumes the role of COO from Tiger Principal Michael McGrail. Tiger Group has
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February 04, 2025 @ 08:15 AM
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XS Financial, an established equipment finance company serving middle-market storied credits, amended and upsized its current $70 million line of credit with Needham Bank to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to use loan proceeds to fund additional CAPEX and equipment leases with new and existing customers.Gramercy Capital Group, LLC (through INTE Securities LLC) served as financial advisor to XS.David Kivitz, CEO of XS Financial, commented
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February 04, 2025 @ 08:10 AM
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Wells Fargo released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3 2024, but reached the highest sentiment index score, 112.9, recorded in the past four years (up from 102.3 in Q3 2024). Between November 15 – November 22, 2024, 307 commercial companies with annual revenues ranging from $10 million to $500
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February 04, 2025 @ 08:07 AM
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eCapital announced the appointment of Akshay Lazarus as Chief Product Officer, bringing extensive expertise in AI strategy, product innovation, and digital transformation. Lazarus joins in this critical role as eCapital continues to advance its solutions for the SMB market, reinforcing its commitment to empowering businesses with faster access to capital.A recognized leader in the sector, Lazarus has led large-scale digital initiatives at globally renowned companies. Most recently, as General
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February 04, 2025 @ 08:05 AM
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nFusion Capital announced that senior construction financing specialist Curtis Powell has joined their team as Senior Vice President of Business Development. Powell will lead efforts to cultivate and maintain client and referral relationships in the construction industry across the United States to support business development efforts and ensure alignment with nFusion Capital’s business objectives. He will be headquartered in our Knoxville, TN office. “Curtis' deep experience in construction
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February 04, 2025 @ 08:03 AM
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Mitsubishi HC Capital America has identified five trends that are likely to play a significant role in shaping the construction industry in 2025. “Economic growth remains at the forefront of industry discussions,” says Chris Johnson, Senior Vice President of construction lending at Mitsubishi HC Capital America. “However, this year may mark a turning point. As markets adjust to evolving conditions and technological advancements, cautious optimism is taking hold.”
Digital Transformation:
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February 04, 2025 @ 08:00 AM
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Clarus Capital increased its exposure to an existing client and leading sponsor-backed transportation service provider by $60 million. Financing proceeds supported strategic growth initiatives including multiple late-stage acquisitions. Since 2023, Clarus has advanced $95 million of balance sheet capital and arranged the placement of $30 million of additional facilities as Agent.Clarus CEO Steve O’Leary commented “With decades of collective equipment finance and leverage finance expertise, the
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February 04, 2025 @ 07:58 AM
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BRG announced the expansion of its Financial Institution Advisory practice with the additions of Managing Director Samantha Welch and Directors Gene Bolton and Kristin Wenske in New York. With extensive expertise in anti-money laundering (AML), counterterrorism finance, fraud and corruption, the trio will take a lead role in heading BRG's financial crime capabilities. "As geopolitical tensions intensify and cybercriminals increasingly adopt artificial intelligence–powered tools, we expect
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February 04, 2025 @ 07:00 AM
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Air Industries Group, a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, announced that its primary lender, Webster Bank has amended the terms of its Credit Facility. Relaxing the required Covenants, permitting the repayment of Subordinated Debt, and expanding the Company’s Term Loan by approximately $1.6 million. These funds will be used for the purchase of new state of the art machinery, costing approximately $1.9 million. This
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February 03, 2025 @ 08:05 AM
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TD Bank Group announced changes to its Senior Executive Team. Vladimir (Vlad) Shpilsky will lead Platforms and Technology, effective immediately. He will report to Raymond (Ray) Chun, incoming Group President and Chief Executive Officer, TD Bank Group, and will join the Bank's Senior Executive Team.Shpilsky joined TD last fall as Executive Vice President and U.S. Chief Information Officer from one of the world's largest banks, where he oversaw all aspects of technology delivery and strategy
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February 03, 2025 @ 08:02 AM
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BlackArch Partners, a leading middle-market investment bank, announced that Clay Bryan has joined the firm as Managing Director.Bryan has more than 23 years of M&A and leveraged finance execution and sponsor coverage experience across a variety of industries. Bryan, who began his career in the M&A and then Financial Sponsors Groups at Citigroup and Deutsche Bank, respectively, has spent the last 16 years in Los Angeles focused on the middle market.Ian Mackay, BlackArch sponsor coverage Managing
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February 03, 2025 @ 07:50 AM
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American Trucking Associations President & CEO Chris Spear released a statement in response to new tariffs imposed on the United States' largest trading partners.“As the trucking industry recovers from a years-long freight recession marked by low freight volumes, depressed rates, and rising operational costs, we have concern that tariffs could decrease freight volumes and increase costs for motor carriers at a time when the industry is just beginning to recover. A 25% tariff levied on Mexico
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February 03, 2025 @ 07:50 AM
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Post Road Equipment Finance ("PREF") successfully closed an $80 million sale-leaseback transaction with a leading global manufacturer of precision castings. The company specializes in highly engineered components, serving blue-chip customers across the commercial aerospace, military, and industrial gas turbine markets.This transaction provides the manufacturer with immediate liquidity to fund critical investments in new equipment, enabling the company to meet demand driven by recently awarded
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February 03, 2025 @ 07:46 AM
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U.S. Bancorp, parent company of U.S. Bank, announced that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization’s revenue lines, enabling functions and independent risk teams.“One of the most important tenets of building an organization that thrives for decades and beyond is a leadership team that can advocate for and balance the interests of all our stakeholders in setting policy, defining strategy
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February 03, 2025 @ 07:09 AM
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Weltman, Weinberg & Reis Co. announced the addition of attorneys Danielle Bechard and Jacob Kruer to the firm’s Cincinnati, OH office. Bechardis in the Consumer Collections Group and Jacob is in the Bankruptcy Recovery Group.Known for her determination, curiosity, and hard-working nature, Bechard strives to differentiate herself by bringing compassion and innovation to her practice. She applies a collaborative and client-focused approach to assisting financial institutions with resolving
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February 03, 2025 @ 07:00 AM
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