Daily News: January 24, 2018

BAM Acquires Vertex Financial

BAM, an Atlanta-based fintech provider of cash management and working capital solutions to the transportation industry, acquired Vertex Financial. BAM will use the acquisition to expand its focus outside of the transportation industry, serve new markets and drive efficiency and growth for more businesses.

Dallas-based Vertex Financial has nearly three decades of experience providing cash flow and financing solutions to markets across the spectrum, including construction, staffing, oil and gas, manufacturing, food and beverage distribution, and professional services. BAM’s chief credit officer, Debra Wilson-Zukonik, served as president of Vertex Financial for 16 years before joining BAM in 2017.

“After working for many years to build Vertex’s capabilities and national customer footprint, I’m excited for this next chapter of growth,” Wilson-Zukonik said. “BAM is committed to providing solutions that help customers increase efficiency and financial performance, combined with the exceptional customer service Vertex customers have depended on for the last 28 years.”

BAM completed its acquisition of Vertex at the end of 2017, capping off a year of dramatic growth for the company as it tripled its revenue.