Essex Capital Group Advises Gulf Coast Bank & Trust on $26.24 Million Portfolio Acquisition
July 9, 2026
Source: Essex Capital Group, Inc.
TAMPA, FL - July 9, 2026 -- Essex Capital Group, Inc. is pleased to announce that it served as buyside financial advisor to Gulf Coast Bank & Trust in connection with its acquisition of a commercial factoring portfolio for total consideration of $26.24 million. The transaction expands Gulf Coast’s commercial finance platform with an established, yield-accretive portfolio and a complementary client base.
The portfolio was divested by a regional bank that recently launched a dedicated asset-based lending division and is reallocating resources to focus exclusively on asset-based lending going forward. The acquired book is performing, with a client base concentrated across the South and a meaningful presence in Texas.
“We sourced this deal through our regional bank relationships and brought it directly to Gulf Coast,” stated Rob Swain, President of Essex Capital Group. “Working alongside Ivan and his team through diligence and structuring, we executed an efficient close on a portfolio that is a strong strategic fit for their platform.”
Ivan Baker of Gulf Coast added: “Essex brought us an opportunity that fit our strategy precisely and managed the process with discipline from introduction to close. Their coordination across all parties made for a smooth transaction, and we look forward to working with the Essex team again.”
Essex Capital Group served as buyside financial advisor to Gulf Coast Bank & Trust in connection with this transaction.
About Essex Capital Group
Essex Capital Group, Inc. is a Tampa, Florida-based corporate finance firm serving small and middle market privately held companies located throughout the United States. With extensive capital markets experience, Essex provides creative solutions to businesses in need of financial restructuring. Typical advisory services include balance sheet recapitalizations with senior and subordinated debt. Since inception in 2003, Essex has successfully raised in excess of $1.5 Billion for 150+ corporate finance clients.
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