Martin Energy has entered into a strategic capital partnership with Orion Energy to accelerate the growth of its distributed generation platform. The senior secured credit facility from Orion Energy will provide Martin Energy with capital to fund Martin Energy’s “CHP as a Service” platform.
Ares Management announced that a fund managed by its private equity group has acquired CoolSys, a refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed.
mBank Business Credit financed a $6 million line of credit for a distributor/logistics firm based in Ohio.
Utica Leaseco formed an affiliate company, Utica Equipment Finance, which will offer equipment-based term loans and leases to companies throughout North America and will be led by co-founder Ed Stolarski as president of the new company.
Janney Montgomery Scott, a full-service wealth management, capital markets, and asset management firm, has agreed to acquire FIG Partners, an Atlanta-based investment banking and research firm.
Mercer has appointed Brent Heslop, Julie Van Waveren and Paul Kibbe to key leadership roles in Mercer’s Global M&A Transaction Services Business. Heslop is now head of Global M&A Business Transformation. Van Waveren has joined the M&A team as a principal and Kibbe has been named a senior principal in the business, both reporting to Heslop.
Blue Ridge Bankshares has appointed Elise Peters Carey, Donald R. Vaughan, and Carolyn J. Woodruff to its board of directors with Peters Cary serving as vice-chair. Peters Cary, Vaughan, and Woodruff also serve on the board of directors for Carolina State Bank, a division of Blue Ridge Bank.
Bracewell has promoted six lawyers to senior counsel and counsel. Clark A. Donat, LaTasha Mabry Snipes, Tom Swarbrick, Blake Urban and Lauren A. West have been promoted to senior counsel, and Jared Schuettenhelm has been promoted to counsel.
Andrew Knight joins Crowell & Moring’s London office as a partner in its Corporate and Financial Services practices to strengthen the firm’s ability to advise clients on debt finance and asset-based lending.
Crestmark has secured a total of $8.075000 million in ABL financial solutions for 18 new clients; Crestmark Equipment Finance provided $4.041482 million; Crestmark Vendor Finance provided $5.520502 million; and the Government Guaranteed Lending Division provided $13.1 million.