TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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December 2, 2021
Source: Great Rock Capital
Additional Capital to Drive Mersino’s Continued Growth Initiatives
Westport, CT – December 2, 2021 — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has expanded its senior secured credit facility for Mersino Management, providing an additional $10.0 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.
The increased borrowing capacity provides Mersino with additional liquidity and flexibility to support their growing platform. The facility includes a traditional term loan, as well as a revolver and delayed draw term loan.
“Great Rock continues to be a vital financial partner as we expand the Mersino platform,” said Gino Mersino, Chief Executive Officer of Mersino Management. “For almost five years, they have understood our growth potential and have provided the necessary flexibility and liquidity to allow us to capitalize on strategic business expansions.”
“Mersino has a superior management team that has proven again and again their ability to branch out into new business lines successfully,” said Stuart Armstrong, CEO of Great Rock Capital. “We truly value our long-standing partnership with Mersino and look forward to playing a part as they achieve new levels of success.”
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible, and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans. To learn more, visit www.greatrockcapital.com.
About Mersino Management
Mersino, founded in 1988 by Rod Mersino, is a specialty services contractor that supports operations in a wide variety of markets where clients require a single source solution for various pumping applications. Coming from an extensive background in contract dewatering in the early days of the business, Mersino evolved into a vertically integrated company by manufacturing world class pumping equipment under the Global Pump brand as means to support their own operations. Today, Mersino supplies their robust product line of diesel pumps to distributors all over the world, while utilizing the very same type of pumping equipment from their own extensive fleet and branch network to serve end users directly for temporary use all throughout North America. To learn more contact Mersino at www.mersino.com or 866.MERSINO.
