Gordon Brothers has formed a $1.5 billion joint venture with Davidson Kempner Capital Management LP (Davidson Kempner) and entered into a supporting lender finance facility with Wells Fargo Capital Finance (Wells Fargo).
The increased capital base expands Gordon Brothers’ ability to provide tailored financing solutions to middle-market and large corporate companies across key sectors, including construction, manufacturing and transportation.
“We’re proud to partner with two highly experienced and strategically aligned financial institutions in Davidson Kempner and Wells Fargo to deliver flexible and reliable equipment financing solutions to our clients,” said Bobby Campbell, Head of Commercial Equipment Finance at Gordon Brothers. “This partnership further cements our firm as the most complete asset-based solution provider in the industry.”
Since launching the Commercial Equipment Finance business earlier this year, Gordon Brothers now offers clients a full suite of customized equipment financing solutions across the credit spectrum through the combination of equipment finance offerings including equipment loans, capital leases, and terminal rental adjustment clause (TRAC) and fair market value (FMV) leases. The business serves a broad range of clients, including middle-market and large corporate commercial companies, independent lessors, captive finance organizations, and bank-owned equipment financing groups.
The firm’s new mid-ticket Commercial Equipment Finance offering complements the existing Structured Equipment Finance business that provides structured, asset-focused leasing and lending solutions to companies experiencing operational and/or market challenges.
“Working with Bobby and his seasoned leadership team was a natural fit for the Lender Finance team at Wells Fargo who have helped entrepreneurs successfully launch specialty finance platforms for more than 25 years,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance.