FFR will be integrated into Marlin as the cornerstone of the newly-formed Commercial Vehicle Group. Headed by FFR President and CEO, Dave Reynolds, the entire FFR team will transition to the new group, which will serve to significantly bolster direct origination capabilities.
“The acquisition of FFR, which originated more than $75 million in 2017, fits well within our vocational strategy for the transportation market by focusing on the financing of transportation equipment used by businesses,” said Jeffrey Hilzinger, Marlin president and CEO. “Overall, this acquisition allows us to significantly accelerate our growth in the commercial vehicle and titled transportation markets with a proven and successful team that has significant expertise in these markets.”
“On behalf of the team at FFR, we are very pleased to now be part of Marlin,” said Reynolds. “This transaction is extremely positive for both our employees and our customers by providing a great opportunity to continue to build on our track-record of success. As part of Marlin, we believe there is a tremendous opportunity to better support our customers while significantly accelerating Marlin’s growth in the commercial vehicle and titled transportation markets. The integration will supercharge existing capabilities in the context of the larger Marlin platform backstopped by the stability of a bank. This enables us to better serve our fleet customer by offering financing/leasing packages with maximum flexibility and lending capacity.”
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