Navitas Credit hired Len Baccaro as vice president of business development and sales in its strategic accounts division. Baccaro will report to Michael Karman, senior vice president of the specialty finance division at Navitas Credit.

Baccaro brings nearly 40 years of industry experience to Navitas and will develop relationships with manufacturers and vendors in multiple retail verticals. Prior to joining Navitas, Baccaro owned and sold two equipment brokerage firms, Independent Capital and American Equipment Finance. After selling each, he worked first for First Sierra Financial as vice president of sales before joining Ascentium Capital in 2011 as senior vice president of sales, overseeing the vendor sales group and business development for the franchise team.

“I am really excited about working for a company with such an excellent reputation in the industry and look forward to contributing to the company’s record of growth,” Baccaro said.

“Len brings a strong equipment financing background and expertise to the Navitas brand,” Karman said. “He and his team’s record of success in these strategic verticals will help the company expand our reach into these markets and help more businesses get the financing they need.”