• Rochester Gauges Acquires Fozmula Limited November 1, 2019
    November 7, 2019
    Rochester Gauges, LLC (“Rochester”), a designer and manufacturer of liquid level gauges and sensors, announced today that it has acquired 100% of the capital stock of Fozmula Limited (“Fozmula”) from HB4. The acquisition of Fozmula is part of a multi-year strategy to expand Rochester’s technical portfolio and global footprint within the liquid level measurement segment.
  • GA Global Partners to Conduct Auction of Venchurs Assets on November 14, 2019
    November 7, 2019
    GA Global Partners, LLC (“GA Global”), the wholesale and industrial subsidiary of Great American Group (a B. Riley Financial company), will conduct a public online auction of the assets of Venchurs Inc. on November 14, 2019. The auction will include the sale of Venchurs’ warehouse and distribution equipment, demo upfitted vehicles, as well as its remaining inventory of OEM and aftermarket automotive parts, which includes brand new tractor and backhoe attachments from agriculture machinery manufacturer, CNH Industrial (Case New Holland).
  • Utica Leaseco, LLC Announces Completion of Two Transactions
    November 7, 2019
    Utica Leaseco, LLC is pleased to announce the completion of two transactions totaling $2,750,000 during the November 4-8, 2019 week.
  • David Schoenrock Appointed EVP and Head of Global Accounts for Willis Re North America; Doug May Promoted to President
    November 7, 2019
    Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announces the appointment of David Schoenrock to the new role of Executive Vice President and Head of Global Accounts for Willis Re North America, effective 23 December.
  • U.S. Debt Forum Releases Survey About National Debt Knowledge
    November 7, 2019
    U.S. National Debt rocketed past $23 Trillion. Some elected politicians, economists and others say, "the debt doesn't matter" or "no one cares." Not true - nationwide surveys of Individual Retail Investors and Registered Financial Advisors find:1) strong concerns, 2) they are not knowledgeable, and 3) they overwhelmingly desire to learn about the debt. "Frankly, the survey findings are very troubling," said Michael Doorley, founder of U.S. Debt Forum.
  • Back from the Field, Aerial Access Equipment’s Entire Fleet of Construction Rental Assets Hits the Block in a Two-Day Final Auction
    November 7, 2019
    With all rental units returned to AAE’s yards, Tiger Group to liquidate more than 700 aerial lift and construction fleet assets—including late-model, rental-ready equipment—on November 19th and 20th.
  • Casino Group: New Revolving Credit Facility as Part of the Refinancing Project
    November 7, 2019
    In the context of its refinancing plan announced on 22nd October, Casino is currently putting in place a new revolving credit facility, maturing in October 2023, in order to extend its confirmed credit lines in France.
  • ATSG Amends Bank Credit Facility
    November 7, 2019
    Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that it has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower interest cost.
  • Fairstone Financial Inc. Upsizes Credit Facility to $1.85 Billion
    November 7, 2019
    Fairstone Financial Inc. ("Fairstone" or "the Company"), Canada's leading non-bank provider of responsible lending solutions for near-prime borrowers, announced today that it recently completed an optimization of its three-year revolving securitization facility ("Credit Facility") provided by a banking syndicate, comprised of leading Canadian and international banks.
  • ABLSoft Partners with Validis to Transform Asset Based Lending
    November 7, 2019
    Validis, a pioneer of financial data sharing and standardization technology, today announced that they are entering an exciting partnership with ABLSoft. ABLSoft’s flexible lending platform helps lenders save time and scale operations with intelligent workflows, reporting and alerts.
  • Grant Thornton Names Bradley J. Preber as CEO
    November 6, 2019
    The Partnership Board at Grant Thornton LLP announced that Bradley J. Preber will serve as the firm’s CEO. The board appointed Preber to the role following a comprehensive search process, and the firm’s partners and principals ratified the selection.
  • US LBM Amends Credit Facility, Extends Maturity To 2024
    November 6, 2019
    The revolving credit facility was supported by a syndicate of six lenders, including Royal Bank of Canada as administrative agent. Other participants include Wells Fargo Bank, National Association; SunTrust Bank; U.S. Bank, National Association; Credit Suisse AG, Cayman Islands Branch; and Barclays Bank PLC.
  • Alvarez & Marsal Responds to Increased Demand for Healthcare Compliance Advisory Services
    November 6, 2019
    Leading global professional services firm Alvarez & Marsal (A&M) Healthcare Industry Group has enhanced its Healthcare Compliance Advisory services with the appointment of Colleen Curran as Managing Director and Mary Findley as Senior Director. Ms. Curran will lead A&M’s Healthcare Compliance Advisory practice. Ms. Curran and Ms. Findley bring decades of compliance and regulatory experience across diverse sectors of the healthcare industry.
  • John Marshall Bank Promotes Regional Executive, James Estep
    November 6, 2019
    John Marshall Bank is pleased to announce the promotion of James Estep to Regional Executive in Fairfax. James joined John Marshall Bank in 2018 as Regional Executive in Reston. Under James’ leadership, the Reston region has seen accelerated growth and market expansion. As Regional Executive in Fairfax, Estep will provide operational and strategic direction in Tysons while continuing to oversee JMB’s efforts in Reston.
  • MidCap Business Credit Announces Two New Hires
    November 6, 2019
    MidCap Business Credit LLC has appointed Bill Nay as Senior Vice President to its business development team and Rebecca Smith as Senior Vice President to its risk team as an underwriter.
  • Beef International, Inc. to Sell Operations to RKW Holdings, LLC
    November 6, 2019
    Beef International Inc., (“BI Foods”) a custom manufacturer of premium meat products, announced today that it has reached an agreement to sell its business operations and certain assets to RKW Holdings, LLC (“RKW”). The transaction is expected to close within the next 30 – 45 days. RKW will continue to operate the business out of the existing Beef International location in Pennsauken, NJ and employ over 50 people.
  • Crestmark Provides More Than $34.3 Million in Commercial Financing to 99 Businesses in the Second Half of October
    November 6, 2019
    Crestmark secured a total of $800,000 in ABL financial solutions for two new clients; Crestmark Equipment Finance provided $15,558,380 in 14 new lease transactions; Crestmark Vendor Finance provided $9,586,873 in 88 new lease transactions; and the Government Guaranteed Lending Division provided $8,355,000 in financing for one new client in the second half of October.
  • California Premium Home Furnishings Company Secures a $2.5MM Inventory Finance Facility; Worthy Lending LLC Joins Syndication
    November 6, 2019
    Worthy Lending LLC (WL) provided $1MM participating in a $2.5MM inventory finance facility for a west coast high-end home furnishings manufacturer/retailer. This well-established top-quality furniture can be found in showrooms located in Georgia, Illinois, Ohio, Texas, Colorado, Arizona, California, Florida, Nevada, New York, DC, and retail outlets in Europe.
  • TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
    November 6, 2019
    TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Citizens Commercial Banking Provides $138 Million Loan to DSC Partners for Acquisition of 28 Maryland Office and Industrial Buildings
    November 6, 2019
    Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $138 million loan to Washington, D.C.-based DSC Partners, a real estate investment company founded in 2017 by former First Potomac Realty Trust executives, for the acquisition of 28 office and industrial buildings located in Montgomery County, MD. Citizens is Left Lead Bank and Administrative Agent.
  • Rochester Gauges Acquires Fozmula Limited November 1, 2019
    November 7, 2019
    Rochester Gauges, LLC (“Rochester”), a designer and manufacturer of liquid level gauges and sensors, announced today that it has acquired 100% of the capital stock of Fozmula Limited (“Fozmula”) from HB4. The acquisition of Fozmula is part of a multi-year strategy to expand Rochester’s technical portfolio and global footprint within the liquid level measurement segment.
  • GA Global Partners to Conduct Auction of Venchurs Assets on November 14, 2019
    November 7, 2019
    GA Global Partners, LLC (“GA Global”), the wholesale and industrial subsidiary of Great American Group (a B. Riley Financial company), will conduct a public online auction of the assets of Venchurs Inc. on November 14, 2019. The auction will include the sale of Venchurs’ warehouse and distribution equipment, demo upfitted vehicles, as well as its remaining inventory of OEM and aftermarket automotive parts, which includes brand new tractor and backhoe attachments from agriculture machinery manufacturer, CNH Industrial (Case New Holland).
  • Utica Leaseco, LLC Announces Completion of Two Transactions
    November 7, 2019
    Utica Leaseco, LLC is pleased to announce the completion of two transactions totaling $2,750,000 during the November 4-8, 2019 week.
  • David Schoenrock Appointed EVP and Head of Global Accounts for Willis Re North America; Doug May Promoted to President
    November 7, 2019
    Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announces the appointment of David Schoenrock to the new role of Executive Vice President and Head of Global Accounts for Willis Re North America, effective 23 December.
  • U.S. Debt Forum Releases Survey About National Debt Knowledge
    November 7, 2019
    U.S. National Debt rocketed past $23 Trillion. Some elected politicians, economists and others say, "the debt doesn't matter" or "no one cares." Not true - nationwide surveys of Individual Retail Investors and Registered Financial Advisors find:1) strong concerns, 2) they are not knowledgeable, and 3) they overwhelmingly desire to learn about the debt. "Frankly, the survey findings are very troubling," said Michael Doorley, founder of U.S. Debt Forum.
  • Back from the Field, Aerial Access Equipment’s Entire Fleet of Construction Rental Assets Hits the Block in a Two-Day Final Auction
    November 7, 2019
    With all rental units returned to AAE’s yards, Tiger Group to liquidate more than 700 aerial lift and construction fleet assets—including late-model, rental-ready equipment—on November 19th and 20th.
  • Casino Group: New Revolving Credit Facility as Part of the Refinancing Project
    November 7, 2019
    In the context of its refinancing plan announced on 22nd October, Casino is currently putting in place a new revolving credit facility, maturing in October 2023, in order to extend its confirmed credit lines in France.
  • ATSG Amends Bank Credit Facility
    November 7, 2019
    Air Transport Services Group, Inc. (NASDAQ:ATSG) announced today that it has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower interest cost.
  • Fairstone Financial Inc. Upsizes Credit Facility to $1.85 Billion
    November 7, 2019
    Fairstone Financial Inc. ("Fairstone" or "the Company"), Canada's leading non-bank provider of responsible lending solutions for near-prime borrowers, announced today that it recently completed an optimization of its three-year revolving securitization facility ("Credit Facility") provided by a banking syndicate, comprised of leading Canadian and international banks.
  • ABLSoft Partners with Validis to Transform Asset Based Lending
    November 7, 2019
    Validis, a pioneer of financial data sharing and standardization technology, today announced that they are entering an exciting partnership with ABLSoft. ABLSoft’s flexible lending platform helps lenders save time and scale operations with intelligent workflows, reporting and alerts.
  • Grant Thornton Names Bradley J. Preber as CEO
    November 6, 2019
    The Partnership Board at Grant Thornton LLP announced that Bradley J. Preber will serve as the firm’s CEO. The board appointed Preber to the role following a comprehensive search process, and the firm’s partners and principals ratified the selection.
  • US LBM Amends Credit Facility, Extends Maturity To 2024
    November 6, 2019
    The revolving credit facility was supported by a syndicate of six lenders, including Royal Bank of Canada as administrative agent. Other participants include Wells Fargo Bank, National Association; SunTrust Bank; U.S. Bank, National Association; Credit Suisse AG, Cayman Islands Branch; and Barclays Bank PLC.
  • Alvarez & Marsal Responds to Increased Demand for Healthcare Compliance Advisory Services
    November 6, 2019
    Leading global professional services firm Alvarez & Marsal (A&M) Healthcare Industry Group has enhanced its Healthcare Compliance Advisory services with the appointment of Colleen Curran as Managing Director and Mary Findley as Senior Director. Ms. Curran will lead A&M’s Healthcare Compliance Advisory practice. Ms. Curran and Ms. Findley bring decades of compliance and regulatory experience across diverse sectors of the healthcare industry.
  • John Marshall Bank Promotes Regional Executive, James Estep
    November 6, 2019
    John Marshall Bank is pleased to announce the promotion of James Estep to Regional Executive in Fairfax. James joined John Marshall Bank in 2018 as Regional Executive in Reston. Under James’ leadership, the Reston region has seen accelerated growth and market expansion. As Regional Executive in Fairfax, Estep will provide operational and strategic direction in Tysons while continuing to oversee JMB’s efforts in Reston.
  • MidCap Business Credit Announces Two New Hires
    November 6, 2019
    MidCap Business Credit LLC has appointed Bill Nay as Senior Vice President to its business development team and Rebecca Smith as Senior Vice President to its risk team as an underwriter.
  • Beef International, Inc. to Sell Operations to RKW Holdings, LLC
    November 6, 2019
    Beef International Inc., (“BI Foods”) a custom manufacturer of premium meat products, announced today that it has reached an agreement to sell its business operations and certain assets to RKW Holdings, LLC (“RKW”). The transaction is expected to close within the next 30 – 45 days. RKW will continue to operate the business out of the existing Beef International location in Pennsauken, NJ and employ over 50 people.
  • Crestmark Provides More Than $34.3 Million in Commercial Financing to 99 Businesses in the Second Half of October
    November 6, 2019
    Crestmark secured a total of $800,000 in ABL financial solutions for two new clients; Crestmark Equipment Finance provided $15,558,380 in 14 new lease transactions; Crestmark Vendor Finance provided $9,586,873 in 88 new lease transactions; and the Government Guaranteed Lending Division provided $8,355,000 in financing for one new client in the second half of October.
  • California Premium Home Furnishings Company Secures a $2.5MM Inventory Finance Facility; Worthy Lending LLC Joins Syndication
    November 6, 2019
    Worthy Lending LLC (WL) provided $1MM participating in a $2.5MM inventory finance facility for a west coast high-end home furnishings manufacturer/retailer. This well-established top-quality furniture can be found in showrooms located in Georgia, Illinois, Ohio, Texas, Colorado, Arizona, California, Florida, Nevada, New York, DC, and retail outlets in Europe.
  • TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
    November 6, 2019
    TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • Citizens Commercial Banking Provides $138 Million Loan to DSC Partners for Acquisition of 28 Maryland Office and Industrial Buildings
    November 6, 2019
    Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $138 million loan to Washington, D.C.-based DSC Partners, a real estate investment company founded in 2017 by former First Potomac Realty Trust executives, for the acquisition of 28 office and industrial buildings located in Montgomery County, MD. Citizens is Left Lead Bank and Administrative Agent.
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