TSL Express Daily Articles & News

Liberty Commercial Finance LLC has changed its name to Wingspire Equipment Finance LLC, adopted a new logo, and redesigned its website as it integrates with parent company Wingspire Capital Holdings LLC. Earlier this year, Wingspire Capital acquired majority ownership of Liberty to gain a fast-growing direct originations platform with nationwide reach providing equipment finance solutions to middle-market companies.

Fordham University director of athletics Ed Kull announced today a partnership with Moritt Hock & Hamroff LLP to advise the Rams with Name, Image, and likeness (NIL) matters for their student-athletes.

Ocean Bank announced its Factoring Division funded a $5 million factoring facility to a rapidly growing Importer and distributor of Hispanic food brand products to companies nationwide.

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced that Ozgur B. Kan has joined CRA’s Financial Markets Practice as a vice president in the Company’s New York office.

FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Québec with the appointment of restructuring expert Martin Franco as a Senior Managing Director in Montréal. The addition of the Corporate Finance & Restructuring segment in Québec expands the firm’s existing capabilities in the market, which include forensic and litigation consulting services.

M&T Bank ("M&T") (NYSE: MTB) has appointed Sam Bluso to lead the bank's new Institutional Real Estate Group focused on expanding M&T's corporate real estate business. As Head of Institutional Real Estate for M&T, Bluso will rely on his 25 years in the real estate capital markets and institutional business to deliver lending and capital markets solutions to Real Estate Investment Trust (REIT) and Investment Real Estate Fund clients.

Raven Capital Management ("Raven"), an alternative investment management firm, is pleased to announce the successful completion of the fundraising of Raven Asset-Based Credit Fund II LP and related vehicles, raising total investible capital of $834mm. In addition to the closed-end vehicle, Raven has launched an evergreen sleeve, Raven Evergreen Credit Fund II LP, which will continue to fundraise and invest in perpetuity alongside Raven Asset-Based Credit Fund II LP. Raven's private credit strategy focuses on non-sponsor, senior secured loans with an asset-based focus across North America.

Portage Point Partners, LLC ("Portage Point"), a leading business advisory, interim management and financial services firm, today announced the launch of a Transaction Advisory Services (TAS) practice. The TAS practice will be led by industry veterans Travis Pittman and Sandy Ryan who will be responsible for the growth and development of the new practice from offices in Chicago, Dallas, Los Angeles and New York.

PNC Asset Management Group (AMG) has named Marc Dizard as its chief investment strategist. Dizard, who brings more than 15 years of experience to the Investment Office role, will oversee and drive the investment strategy and investment process vision for PNC AMG.

“This sale is a great opportunity for buyers in the trucking, hauling, or shipping industries to acquire high-quality commercial rolling stock that is ready for immediate use,” said John Coelho, Senior Director, Tiger Commercial & Industrial. “That is especially true given today’s high prices for new tractors and trailers and the high fuel and other operational costs in the industry.”

United Capital Funding Group LLC, a Florida-based factoring firm recently provided a $4.5 million facility to a Tennessee-based utility contractor. With this new flexible form of financing, the company was able to expand its presence in the Southeast and keep its long-time bank relationship and correlating credit line.

inacity Corporation, a White Oak Company, (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch (“DZ BANK”) announce that they have successfully upsized a trade receivables securitization for Nitron Group LLC (“Nitron”), a company headquartered in Greenwich, CT. The facility is collateralized by Nitron’s receivables for fertilizer distribution and importation services in Latin America, North America, Europe, and Africa.

By order of the U.S. Bankruptcy Court, Western District of Tennessee, Western Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to E-Box, LLC (“E-Box” or “the Company”) to seek a buyer of the Company (or its assets) that would allow operations to continue.

SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced it has closed on a $25 million senior secured credit facility from Affordable Connectivity Financing V LLC (“ACF V”) – a wholly-owned subsidiary of Horizon Capital LLC and affiliate of ACP Finance. Approximately $15 million of financing was provided at closing.

Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new WSFS Bank Small Business Trends study found.

ROK Financial, a leader in the alternative and commercial lending space announces the promotion of Shannon Treadwell to Chief Operating Officer. Treadwell will work alongside President Patrick Manning, overseeing the operations of the firm.

Biodesix, Inc. (Nasdaq: BDSX), a leading data-driven diagnostic solutions company with a focus in lung disease, today announced that it has obtained a term loan facility for up to $50 million from Perceptive Advisors, a leading healthcare investment firm focused on supporting progress in the life sciences industry by identifying opportunities and directing financial resources toward the most promising technologies in modern healthcare.

First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has received all regulatory approvals required to complete the previously announced merger of Centric Financial Corporation (“Centric”) with and into First Commonwealth and the merger of Centric Bank with and into First Commonwealth Bank.

First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that Chief Executive Officer, Scott F. Kavanaugh, has been named President of First Foundation Inc. and First Foundation Bank, effective immediately.

FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Québec with the appointment of restructuring expert Martin Franco as a Senior Managing Director in Montréal. The addition of the Corporate Finance & Restructuring segment in Québec expands the firm’s existing capabilities in the market, which include forensic and litigation consulting services.