Gordon Brothers has appointed Liz Blue Head of North American Business Development, Retail & Real Estate Services. In this new role, Blue oversees the Retail and Real Estate Services teams’ business development strategy and accelerates the firm’s growth in the retail sector by working in partnership with Gordon Brothers’ asset experts to provide holistic solutions to retailers across the firm’s integrated service offering all under one platform. Additionally, she builds strategic
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April 16, 2025 @ 08:15 AM
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Gibraltar Business Capital has strengthened its commitment to providing asset-based loans to middle-market companies by adding two industry veterans to its sales team. This strategic expansion has grown the company's footprint by offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital. The company's wider strategy is tailored to provide the right financing for businesses often limited by restrictive funding sourced in traditional lending
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April 16, 2025 @ 08:08 AM
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CIBC announced the addition of Ben Colley as Managing Director, Business Development Officer in its Asset-Based Lending (ABL) team. With over 12 years of asset-based lending experience in both originations and underwriting, he will lead new deal originations across the Southeast region which includes Georgia, the Carolinas, Florida, Tennessee, Alabama, Mississippi and Arkansas. He will also work to expand the bank’s referral source network, which includes private equity groups, investment banks
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April 16, 2025 @ 08:02 AM
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Utica Equipment Finance closed a $1,000,000 Capital Lease, secured by specialized oilfield equipment, for a Colorado-based company specializing in oil well completions and fluid pumping services. This strategic financing will enable the company to acquire additional assets, significantly enhancing their operational efficiency and capacity.The lease will fund the acquisition of a diverse set of equipment including truck tractors, pump trailers, coil tubing reel trailers, nitrogen trucks, frac
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April 16, 2025 @ 08:01 AM
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Rosenthal & Rosenthal announced the completion of five equipment financing deals totaling $10 million in the first quarter of 2025. The five transactions represent a broad range of industries and an equally varied mix of equipment classes. The various financing facilities are helping to address the capital expenditure needs of Rosenthal’s clients while allowing them to preserve liquidity that supports future growth and working capital needs. The five transactions include:
$1.8 million
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April 16, 2025 @ 08:00 AM
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B. Riley Securities Holdings continues to strengthen its platform with key hires across its TMT investment banking and research practice.Matthew Doull joins as Senior Managing Director with over two decades of experience advising global internet, digital media and innovative technology companies. Prior to joining BRS, Matthew was a Managing Director at Wedbush Securities where he served as co-Head of Technology Investment Banking. Prior to that, he was Managing Director, Head of Internet and
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April 16, 2025 @ 07:51 AM
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Pathlight Capital is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC (SVG), one of the fastest growing omnichannel distributors of Medicare Advantage, and leading Medicare Supplement distributors. As part of the facility, Pathlight underwrote and provided a $170,000,000 term loan.Proceeds from the facilities will be used to refinance existing debt and provide liquidity for general corporate purposes.“We believe SVG is
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April 16, 2025 @ 07:39 AM
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Lafayette Square provided a credit facility to support Maxwell Street Capital Partners' ("Maxwell Street") investment in Port Jersey Logistics ("Port Jersey"), a leading provider of integrated temperature-controlled logistics solutions to the food and beverage industry. The partnership between Maxwell Street and Port Jersey will provide capital for add-on acquisitions and strategic expansion into new geographies, service lines, and end markets.Founded in 1954 and headquartered in Cranbury, NJ
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April 16, 2025 @ 07:38 AM
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Great Rock Capital closed a senior secured term loan facility with Roadclipper Enterprises (“Roadclipper” or “Diamond C”). Roadclipper, a portfolio company of Center Rock Capital, is a leading manufacturer of premium open-air trailers and is recognized for its exceptional quality, customizability, and innovation.Great Rock Capital served as the term loan agent and partnered with the revolver agent, a leading commercial banking institution, to create a flexible financing structure that will
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April 16, 2025 @ 07:00 AM
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nFusion Capital recently provided a $500,000 factoring facility to an information technology staffing Company based in Michigan specializing in the temporary and permanent placement of engineers for the automotive industry. The staffing agency also places technical, manufacturing, IT, software engineering, and marketing professionals in other sectors. The Company had won a new large contract to supply technology professionals to an electric vehicle manufacturer on a mission to stop the
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April 16, 2025 @ 06:00 AM
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Ares Commercial Finance (“ACF”) has expanded its asset based lending (“ABL”) capabilities by adding a Healthcare-focused team. This newly added team will expand an already robust ABL platform with a complementary healthcare focus, broadening the ABL product offerings currently available. The team will be led by Managing Directors Todd Gordon, Dan Berger, and Nathan Brenneman, who have worked together for 20+ years; most recently at Huntington Bank, and previously at Sector Financial (a
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April 15, 2025 @ 08:15 AM
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Wingspire Capital provided a $32.5 million revolving line of credit to Northern Wholesale Supply, LLC, which is a leading distributor of marine and recreational vehicle after-market parts and accessories.Proceeds were used to facilitate the acquisition of Northern Wholesale Supply by Sun Capital Partners, Inc., a private equity firm based in Los Angeles.Founded in 1984, Northern Wholesale Supply distributes more than 30,000 parts and accessories such as boat lifts, dock bumpers, fishing rod
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April 15, 2025 @ 08:08 AM
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Tiger Group has expanded its asset-disposition services for the global oil-and-gas and energy sectors by tapping industry veteran Nick Abueita as Senior Director, Energy. The move comes at a time of need for corporations requiring increased expertise for the disposition of surplus oil-and-gas and other energy assets, including those related to electric vehicles and EV charging and energy storage, noted Chad Farrell, Managing Director of Tiger Commercial & Industrial. Tiger has completed more
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April 15, 2025 @ 08:07 AM
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Sterling Commercial Credit has rebranded in response to its product expansion, accelerated company growth, and renewal of its corporate vision. At the heart of this rebranding is a change of the company’s name to Great Elm Commercial Finance (“Great Elm CF”), aligning with its parent, Great Elm Specialty Finance.Headquartered in Nashville with offices in Detroit, Chicago, and Washington, D.C., Great Elm CF offers a comprehensive suite of secured lending solutions, including asset-based revolving
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April 15, 2025 @ 08:06 AM
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Mitsubishi UFJ Financial Group (MUFG) closed a $75 million senior secured revolving credit facility ("RCF") for Sun Country Airlines ("Sun Country"). MUFG acted as Sole Structuring Agent and a Joint Lead Arranger with a USD 37.5 million commitment. Sumitomo Mitsui Banking Corporation, acting as the other Joint Lead Arranger, provided the additional USD 37.5 million commitment. The facility will replace Sun Country's existing USD 25 million RCF and is intended to provide additional liquidity for
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April 15, 2025 @ 08:06 AM
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