Alliance Capital acquired Cardinal Business Financing, a Southbury, CT-based vendor finance company focused on the healthcare, hospitality and golf industries.
“We are thrilled to have the highly experienced Cardinal team join us at Alliance,” said Darren Gardner, president of Alliance Capital. “We expect the Cardinal integration to be mutually beneficial and to play an integral role in our strategy to deliver national best-in-class vendor finance solutions.”
This acquisition will allow Alliance to grow its commercial finance product offerings, which include equipment finance, asset-based lending, working capital, factoring and SBA loans.
Daniel Casanta, Cardinal’s CEO, said, “Joining the Alliance team represents a significant opportunity for Cardinal, our vendors and employees. Adding the Alliance brand and deep resources to our already dynamic services provides us with the opportunity to be part of a leading financial solutions provider in the market.”
