Of Interest

Citizens Advises New State Capital on Acquisition of Patuxent Roofing and Contracting

Citizens M&A Advisory served as the financial advisor to New State Capital on its acquisition of Patuxent Roofing and Contracting, an independent provider of re-roofing installation and services. read more

GP Capital Partners Provides $65MM in Growth Financing to Opifex

GP Capital Partners invested $65 million in Opifex, an independent provider of construction rental equipment and supplies to the industrial, infrastructure, sports and commercial building construction markets. read more

Tiger Group Achieves High Sell-Through Rates at AV Equipment Auctions in H1/22

Tiger Group’s commercial and industrial division experienced a company record number of sales registrants and buyers at its sales for audio/visual and movie theater assets in the first half of 2022, which played a major factor in achieving 96% to 99% sell-through rates. read more

ABLE Equipment Rental Purchases Elite Construction Rental’s Equipment Rental Assets

ABLE Equipment Rental of New York (ABLE), a supplier of construction equipment rentals, sales, service and parts, purchased the equipment rental assets and service operations of Elite Construction Rentals in Wallingford, CT. read more

Time Manufacturing Acquires France Elévateur

Time Manufacturing, a global provider of vehicle-mounted aerial lifts and a portfolio company for H.I.G. Capital, acquired France Elévateur. a manufacturer of vehicle-mounted aerial platforms. read more

BMO Financial Group Opens New US HQ at BMO Tower in Chicago

BMO Financial Group opened BMO Tower, its new U.S. headquarters in Chicago. The 50-story building is located in Chicago's West Loop Gate neighborhood. read more

Mountain Ridge Capital Launches as Asset-Based Commercial Finance Firm

Mountain Ridge Capital, an asset-based commercial finance company, officially launched. Backed with equity from Arena Investors, the company will be led by Craig Winslow as president and chief credit officer. read more

Infiniti Energy Closes on $117MM in Financing to Support Commercial Solar Projects

Infiniti Energy closed on an up to $87 million tax equity facility and a $30 million construction revolver earmarked to support a portfolio of commercial solar projects. read more

Volvo Energy Invests $4.93MM in Second-Life Battery Energy Storage Company

Volvo Energy invested in the UK-based second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities. Volvo Energy invested approximately $4.93 million for 10% in the company. read more

IDC: PC Shipment Volumes Expected to Decline 8.2% in 2022

According to a new forecast from International Data Corporation, global shipments of traditional PCs will fall 8.2% year over year in 2022. Similarly, the forecast for worldwide tablet shipments calls for a 6.2% decline compared to 2021. read more

Fundamental Renewables Provides $15MM in Project Financing to Summit Ridge Energy

Fundamental Renewables, formerly MMA Energy Capital is providing a combined total of approximately $15 million in project financing for two energy storage assets to Summit Ridge Energy, an owner-operator of community solar assets. read more

LBC Credit Partners Supports Acquisition of ATCO Industries

LBC Credit Partners provided a senior secured credit facility to Aterian Investment Partners to support its acquisition of ATCO Industries, a containment and warehousing services provider, primarily for the automotive sector. read more

Wintrust Receivables Finance Closes $4MM A/R LOC for Logistics Company

Wintrust Receivables Finance closed a new $4 million accounts receivable line of credit for a logistics company based in the Southwest. read more

Flushing Bank Issues Inaugural ESG Report

Flushing Financial, the parent holding company for Flushing Bank, issued its inaugural environmental, social, and governance report. read more

Biz2Credit Named a Best Place to Work in Financial Technology

Best Companies Group named Biz2Credit to its list of 2022’s Best Places to Work in Financial Technology. The 2022 list included the top 50 fintech companies in the country and was published by Arizent brands, the publisher of American Banker. read more

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