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SSG Capital Advisors (“SSG”) acted as the investment banker to Listen Technologies Corporation in the placement of a financing package, which enabled Listen to refinance existing indebtedness and will provide additional capital for growth. The transaction closed in May 2022.Headquartered in Bluffdale, Utah, Listen engages in the development, manufacturing, marketing and selling of assistive listening solutions that enable people to have a better listening experience and enable facilities to Read Story

Field Under: Industry News
May 26, 2022 @ 08:00 AM

Webster Bank is expanding its commitment to Commercial & Industrial Middle Market Banking with the addition of David Ferretti as Senior Vice President, Market Manager, New Haven. Ferretti reports to Douglas Scala, Regional President, New England and is responsible for providing comprehensive commercial banking services to middle market clients and prospects throughout greater New Haven County. Working with his colleagues across Commercial Banking, Ferretti will provide working capital, equipment Read Story

May 26, 2022 @ 07:55 AM

LSQ announced the acquisition of Qwil, a San Francisco-based fintech company that provides early payments to staffing firms.Founded in 2015 by Johnny Reinsch, Paul Tiplady and Trevor Branon, Qwil provides the contingent staffing market with financial tools and solutions. The company's marquee service is an embedded finance product offering early payments to staffing firms which helps them have liquidity up to 180 days before they’re paid by their clients.“Both Qwil and LSQ have a similar mission Read Story

Field Under: FinTech
May 26, 2022 @ 07:40 AM

BMO Financial Group announced a commercial banking office in Grand Rapids, MI, led by BMO's Michigan Managing Director James Hess. It is comprised of five commercial bankers focused on diversified industries, equipment finance and treasury & payment solutions, all supported by BMO's national industry sector expertise."Grand Rapids and the surrounding area represent a very appealing market for us given the growth potential and its proximity to our footprint in both the United States and Canada," Read Story

Field Under: Banking News
May 26, 2022 @ 07:38 AM

Comerica announced Dave Galbreath has been named its Florida Market President, replacing David Kunik, who has decided to step down so he can focus more directly on managing the market's retail operations.As the Florida Market president, Galbreath will continue to oversee the National Dealer Services Southeast and Texas loan groups, while expanding his role to include business and community development efforts to ensure continued growth within the Florida market for all lines of business. He will Read Story

May 26, 2022 @ 07:33 AM

D.A. Davidson added four seasoned bankers focused on senior living and structured housing to its Fixed Income Capital Markets Group, a nationally recognized team of capital markets professionals consistently ranked among the top leaders in fixed income financing. Richard (Rick) Lohr joins the firm as managing director and head of Senior Living and Structured Housing, Amy Hayman and Romy McCarthy come on board as managing directors and Ogieva Guobadia, CFA joins as senior vice president.Through Read Story

May 26, 2022 @ 07:25 AM

Kian Capital Partners, a middle-market focused private investment firm, announced the addition of three new team members to support the firm’s continued growth. Thomas Bullock and Doyle Silvia join the firm as Associates, and Mikaela Palma as Senior Accountant. “Our role is to empower management teams by providing the resources necessary to accelerate growth and scale their businesses,” said Kevin McCarthy, Co-Founder and Partner at Kian Capital. “Thomas, Doyle and Mikaela add significant muscle Read Story

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May 26, 2022 @ 07:17 AM

Webster Bank joined the newly launched Bankers Helping Bankers (“BHB”) Banking-as-a-Service (BaaS) Association as a founding member. The Association aims to serve the unique needs of BaaS Sponsor banks.  Webster’s BaaS team partners with fintechs, or other non-financial institutions, to provide financial services to the partner’s customer base, enabling them to leverage Webster’s charter and capabilities such as account management, debit and credit card issuance, and payment and/or lending Read Story

Field Under: Banking News
May 26, 2022 @ 07:00 AM

Hilco Corporate Finance (HCF) announced that Heather Morgan has joined as Director of Capital Solutions. In this new role, Ms. Morgan will be responsible for originating corporate finance and capital markets transactions for Hilco Global, with a focus on the commercial and industrial sector.Ms. Morgan brings almost 20 years business development experience in her tenure of her professional career. She has been responsible for managing client portfolios, developing strategic relationships Read Story

May 25, 2022 @ 07:59 AM

Haversine Funding announced the following recently closed transactions:$3,000,000 of a $6,500,000 participation in an asset based line, secured primarily by inventory, to an iron foundry and manufacturer. The company was seeking acquisition financing and working with a bank for an accounts receivable line of credit, but they needed a larger facility using their inventory as collateral to fully execute their plan. The company worked with their bank and an inventory lender to create a combined Read Story

May 25, 2022 @ 07:56 AM

CIBC Innovation Banking provided growth capital financing for DealMaker, a leading capital raising technology platform. The financing will enable the company to accelerate its growth across North America.Founded in 2018, by experienced Bay Street lawyers, Rebecca Kacaba and Matt Goldstein, DealMaker’s ambition is to modernize the shareholder issuance space, with recent successes including the Green Bay Packers issuance.“DealMaker is providing customers with a comprehensive and modern capital Read Story

Field Under: Specialty Industries
May 25, 2022 @ 07:46 AM

Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, announced the final close of the AG Credit Solutions Fund II, L.P. (the “Fund”) with $3.1 billion of equity commitments, exceeding the Fund’s $3.0 billion target in seven months from the initial to final close.The Fund received significant support from current Angelo Gordon clients and new institutional and retail investors globally.The closed-end Fund is the latest in a series of vehicles Read Story

Field Under: Industry News
May 25, 2022 @ 07:45 AM

Cambridge Wilkinson ("CW") closed a $100MM credit facility for a long track record Real Estate Asset Manager that currently has more than 90,000 acres of land and manages over $3 billion of real estate assets. This facility will be used to purchase land that has been identified by one of the largest national homebuilders for their near-term single-family home development pipeline. These assets are expected to cash flow within 6-24 months."We are excited to be able to source flexible credit Read Story

Field Under: Real Estate
May 25, 2022 @ 07:45 AM

CIT, a division of First Citizens Bank, announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. The financing, which will be used to acquire Kamsarmax vessels, was arranged to support further diversification of Lomar's growing fleet. Lomar is the shipping subsidiary of the Libra Group, an international business group predominately focused on six key sectors whose subsidiaries own and Read Story

Field Under: Shipping
May 25, 2022 @ 07:44 AM

FocalPoint Partners, a B. Riley Financial Company specializing in strategic and financial advisory services, announced that Andrew Hewlett has joined the firm as a Managing Director in its national healthcare practice. Hewlett brings close to 20 years of diversified healthcare experience to FocalPoint and shares the firm’s focus on developing creative solutions that benefit our clients and all stakeholders including owners, patients, providers, and payors. His M&A advisory expertise, coupled Read Story

May 25, 2022 @ 07:40 AM