AP Equipment Financing began a new expansion initiative designed to diversify and nurture portfolio, placing a focus on expanding its towing and construction verticals with a concentrated effort on strengthening vendor, dealer and manufacturer relationships.

As part of this expansion, AP brought onboard four industry experts to spearhead these initiatives, hiring Ryan Whitehead as vice president of business development for the towing vertical and Seth Davis as vice president of business development to lead the construction initiative. The company also hired Andrew McBride and Adam Domke to support the construction initiative.

Whitehead has more than 18 years of experience in building relationships with end-users and dealers in various markets and joined AP from Huntington National Bank (formally TCF Equipment Finance).

Davis will collaborate with construction dealers, manufacturers and end-users to optimize profitability through tailored finance solutions. With prior roles in territory management, dealer development and branch management, Davis’ experience spans vendor finance, sales team oversight and dealer growth.

McBride, who joined AP as a vice president of business development for construction, has previous experience from managing vendor programs at Marlin Capital Solutions. His expertise involves engaging new and existing equipment manufacturers and dealer networks through compelling offers, including subsidized promotions, floor planning and retail solutions.

Domke, who joined AP as a business development officer for construction, has more than six years of experience in the finance sector from Stearns Bank and Oakmont Capital. His background includes involvement in dealer programs and vendor management with a focus on growth and sales.

“This expansion underscores our commitment to providing innovative solutions, fostering client success and reinforcing our position as a leader in equipment financing,” Chris Lerma, CLFP, president of AP Equipment Financing, said. “With a focus on towing and construction verticals, we’re poised for significant growth, and our dedicated team of industry experts ensures a bright future ahead.”