Managed IT services provider The 20 MSP completed the acquisition of three managed service providers, including Drivetech, Accurate Computer Solutions and Blue Cactus Consulting. Sunflower Bank provided a funding tranche to support the acquisitions.
StratCap’s wireless infrastructure division, StratCap Wireless, has completed the acquisition of more than $35 million in data centers and cell towers. StratCap added an additional $35 million credit facility from Sunflower Bank, which it expects to expand over time to help facilitate future acquisitions.
FirstSun Capital Bancorp expanded the Sunflower Bank executive leadership team to reflect Sunflower Bank’s commitment to ensure its management structure continues to support its geographic and business line investments.
Colorado-based FirstSun Capital Bancorp, the holding company of Sunflower Bank, completed its previously announced merger with Texas-based Pioneer Bancshares, with Pioneer’s subsidiary bank, Pioneer Bank, merging into Sunflower Bank.
Solifi (formerly IDS), a global financial technology software partner for the secured finance industry, added Sunflower Bank as its first client to move mission-critical asset-based lending operations to Solifi’s software-as-a-service platform.
NuBridge Commercial Lending entered a $73.5 million, 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank.
Sunflower Bank’s leveraged finance team served as joint lead arranger for a senior debt facility led by KeyBanc Capital Markets to support the acquisition of NextEdge Networks Holdings and its wholly-owned subsidiary, Modus, by Bow River Capital.
Strategic Data Center Fund Manager secured a revolving line of credit that converts into a permanent loan from Sunflower Bank. The credit facility will initially provide up to $25 million but over time may expand to up to $200 million.
FirstSun Capital Bancorp, through its subsidiary Sunflower Bank, acquired CIT’s trust and wealth advisory business, effective Sept. 1.
Sunflower Bank’s leveraged finance team provided $10 million in revolving and term debt commitments to support the acquisition of iolo technologies by RealDefense, a portfolio company of Corbel Capital Partners and Broadstream Capital Partners.