Andrew Hollingsworth benefits from a uniquely hands-on approach to business, having served as Chief Financial Officer of Numi Organic Tea, a long-standing client of Gerber. Beforehand, his career evolved through multiple senior, corporate and divisional posts in financial services. From PricewaterhouseCoopers to UBS in Switzerland, his CPA experience made him a natural fit for Gerber.

Crystal Financial, a leading provider of direct private credit solutions for middle market businesses, is excited to announce the following promotions and new hires to its team. These additions will position the organization to fully cover the U.S., Canada and select international markets with innovative debt financings across a wide range of industries including consumer/retail, specialty finance, business services and industrials.

Bank Leumi USA today announced the appointment of David Paulson as Chief Banking Officer and Jeff Steigelman as Chicago Market President, respectively. Paulson will report directly to Leumi President and CEO, Avner Mendelson. He replaces Shawn McGowen, who will remain with Leumi in an advisory role.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of XanEdu by private equity sponsor Frontenac. Based in Ann Arbor, MI, XanEdu is a leading provider of custom content solutions to the Higher Ed and K–12 markets.

CVC Credit Partners is pleased to announce that it has provided the first lien funding for Vision Growth Partners' expansion of Alline Salon Group and going forward will further support the growth strategy through the provision of a delayed draw term loan facility. Cowen's Debt Advisory Group acted as the debt advisor for the transaction.

B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified provider of business advisory and financial services which operates through several wholly-owned subsidiaries, today announced Michael Jerbich has joined as President of B. Riley Real Estate, LLC. A veteran real estate turnaround professional, Jerbich will lead a new business vertical which specializes in providing end-to-end solutions to maximize distressed real estate values.

U.S. Bank said today that Leslie Godridge, the company’s vice chair and co-head of Corporate & Commercial Banking, has announced her retirement after 13 years of service to the bank and nearly 40 years in the industry. Jim Kelligrew, who has co-led the Corporate & Commercial Banking division with Godridge for the past four years, will become the new vice chair overseeing the entire organization.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a senior credit facility to Impact Advisors ("the Company"), a leading provider of clinical, revenue cycle and information technology advisory services to the healthcare industry. Concurrently, the Company entered into a strategic partnership with Chicago Pacific Founders ("CPF"), an investment firm exclusively focused on healthcare services and caring for aging populations. Oxford is the sole lead arranger and administrative agent in this transaction.

Berkshire Global Advisors served as financial advisor and Winston & Strawn LLP served as legal counsel to Crestline Denali. Latham & Watkins LLP served as legal counsel to Ares.

AlixPartners, announced today that energy industry expert Oleg Mikhailov has joined as a Managing Director and one of the key leaders in the firm’s worldwide energy and process industries practice. He will be based in AlixPartners’ Houston office.

Hilco Corporate Finance (HCF) announced today that Brian Graves has joined the company as Managing Director. In this capacity, Mr. Graves will manage the continued growth and development of the investment banking business. Mr. Graves will be responsible for generating new business for the firm, managing existing client engagements, and overseeing junior staff.

Sallyport Commercial Finance arranges a $1,000,000 accounts receivable facility to a leading, hi-tech camera supplier in the perimeter surveillance industry.

CIT Group Inc. (NYSE: CIT) today announced its newly-acquired Community Association Banking division is launching a new suite of premium reserve accounts for homeowner association deposits. These accounts offer competitive returns and the backing of a surety bond for balances over $250,000 for community associations, and the convenience and efficiency of having both operating accounts and reserve accounts at one bank for community managers.

Tiger Group to sell equipment surplus to ongoing operations of D&W Fine Pack in February 6 live online webcast auction of all assets from the San Bernardino, CA facility.

Access Capital structured an asset-based lending facility for Universal once it became evident that the company’s banking relationship was no longer meeting its needs. Access Capital will be supporting UNIVERSAL’s growth with a $1 million line of credit.

Versant Funding LLC is pleased to announce it has funded a $2,000,000 non-recourse factoring facility to a manufacturer and distributor which serves major commercial airlines. The business needed additional working capital to fund its expansion and their senior lender agreed to subordinate its lien on accounts receivables due from only a single customer to allow the business to raise cash.

People’s United Bank led the bank group which also included BMO Capital Markets Corp. as syndication agent, and Bryn Mawr Trust, Stifel Nicolaus & Company and TriState Capital as participants.

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed the recently announced non-brokered credit agreement (the “Credit Agreement”) for a senior secured term loan (the “Senior Loan”) in an initial aggregate principal amount of US$100 million, with a mutual option to increase the size of the facility to a maximum of US$200 million.

Provides $200 million commitment to fully refinance existing revolving credit facility; provides an initial $30 million of working capital; provides new $30 million revolving credit facility in May 2020; new maturity date is January 2022; company expects fourth quarter 2019 results to significantly outperform the third quarter, with a return to positive GAAP consolidated operating income for the first time in 3 years.

Stonebriar Commercial Finance (“SCF”) has closed an additional $30 million equipment lease facility with its existing customer, an industry-leading food processing company, to support the growth of a new innovative product line. SCF will provide interim financing during the construction term of this new production line, which is forecast to be fully completed by June 2020. When fully funded, SCF’s total outstanding for this key customer will exceed $70 million.