Industry

Goldman Sachs Invests $8MM in Construction Finance Platform Rabbet

Construction finance platform Rabbet closed an $8 million Series A round backed by the Goldman Sachs Principal Strategic Investments group, QED Investors and Camber Creek. read more

Keasling Joins RGCX as VP of Sales & Marketing

RGCX expanded its commercial leasing team with the hiring of rail industry veteran, Mike Keasling as vice president of Sales and Marketing. read more

Bankruptcy Court Approves Sale of Waypoint Assets to Macquarie Group

According to a post on Helicoptor Leasing, a bankruptcy judge approved the sale of bankrupt helicopter lessor Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some of its secured lenders. read more

CIT Agents Facility for Pritzker Acquisition of KabaFusion

CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services. read more

Ivory Consulting Collaborates with Bank on New Asset Management Software

Modeling and pricing software provider Ivory Consulting released its new asset management solution (AMS) built in conjunction with the asset management department of a leading bank’s equipment finance division. read more

Capital One Provides Loan for Seniors Housing Portfolio Acquisition

Capital One provided a bridge loan to Bridge Investment Group Partners for the acquisition of an eight-asset, 1,359-unit seniors housing portfolio from Somerby Senior Living. read more

CIT Arranges Debt Financing to Support Stellex Investment in Cisco Equipment

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management. read more

Caterpillar Makes Several Officer Changes, Creates New Divisions

Caterpillar shifted several officers into leadership positions, which included changes in responsibilities for three executive office members, new roles for two current vice presidents and the appointment of two new vice presidents. read more

AP Equipment Financing Relocates Headquarters to Bend, OR

Allegiant Partners d/b/a AP Equipment Financing moved its corporate headquarters from Walnut Creek, CA to Bend, OR. read more

Corcentric Relocates Headquarters to Accommodate Rapid Growth

Corcentric relocated its headquarters to Woodland Falls Corporate Park in Cherry Hill, NJ to better accommodate the company’s rapid growth. The company now has a client base of over 6,000 companies and reported revenue of $103 million in 2018. read more

CIT Northbridge Arranges $24MM Facility for Pocono ProFoods

CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $24 million senior secured credit facility for Pocono ProFoods, a foodservice distributor in the Northeast and Middle Atlantic regions. read more

Commercial Credit Partners with BDT Capital to Support Growth

Merchant bank BDT Capital Partners has made a majority equity investment in equipment and accounts receivable finance company Commercial Credit. read more

Austin Financial Funds $5MM ABL Facility for Midwest Manufacturer

Austin Financial Services closed a $5 million senior secured credit facility for a full-service custom automation and manufacturing company that services the medical and life sciences, consumer goods and aerospace markets. read more

Stonebriar Closes $35MM Equipment Lease for Oil & Gas Company

Stonebriar Commercial Finance closed a $35 million equipment sale and leaseback with a private equity-owned oil and gas midstream company that provides gathering and processing services to exploration and production customers. read more

Reich Bros to Provide $30MM Financing to Cannabis Cultivator Flower One

Reich Bros Commercial Finance signed a master lease agreement with cannabis cultivator Flower One Holdings for lease financing of up to $30 million. read more

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Terry Mulreany
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