Accord Financial Supports Acquisition of Equipment Services Company
Accord Financial closed a $13 million credit facility to support the acquisition of an equipment services company.
Accord Financial closed a $13 million credit facility to support the acquisition of an equipment services company.
Accord Financial united all U.S. commercial financing programs under one umbrella. Jim Hogan will lead the newly united commercial team at Accord as president of U.S. commercial, while Marcel Borg joined the team as vice president of national sales for equipment finance.
Accord Financial expanded its Canadian asset-based finance and factoring senior management team to include Karim Habib as managing director of business development in Ontario and western Canada. Habib was most recently a managing director at eCapital.
Accord Financial, one of the U.S. and Canada’s independent commercial finance companies, promoted Irene Eddy to chief financial officer and it went into effect Oct. 1, 2022.
Accord Financial’s U.S. asset-based lending team closed a $14 million credit facility to support the acquisition of a regional waste management company by a private investment firm.
Accord Financial expanded its U.S. asset-based finance group by hiring Maryanne Lenardo and Gail Heldke as managing directors of originations. They will be responsible for developing partnerships across a range of industries.
Accord Financial appointed Irene Eddy as interim CFO effective June 15, 2022 alongside the departure of Stuart Adair, the company’s long-time CFO.
Access Capital named Terry M. Keating CEO. Keating has more than 30 years of senior management experience in the financial services industry, including most recently leading an asset-based lending business.
Accord Financial hired Michael Wun as vice president of information technology. In this role, Wun will implement technology to provide greater efficiency for both clients and employees across Accord Financial’s suite of tailored financial solutions.
Accord Financial reported a company record of C$11.887 million ($9.31 million) of net earnings attributable to shareholders in 2021 compared with C$417,000 ($326,600) in 2020, delivering earnings per share of C$1.39 ($1.09) compared with C$0.05 ($0.04) in 2020.