ROK Financial, a provider of alternative and commercial lending, appointed Patrick Manning as the new CEO of the firm. Manning will assume the day-to-day leadership of the company along with leading the charge on the company’s initiatives.
John W. Breda has succeeded Lloyd B. Harrison, III as CEO of Partners Bancorp, the parent company of The Bank of Delmarva, Seaford, DE, and Virginia Partners Bank, Fredericksburg, VA.
Linda Birta-Mammet, who has served as FTI Consulting’s assistant treasurer since December 2021, was elected by the board of directors to serve as treasurer, effective Dec. 1.
Sallyport Commercial Finance promoted Olivia Hudson to senior account executive. Hudson was previously an account executive for the last four years.
Audax Private Debt, as administrative agent and sole lead arranger, provided a unitranche credit facility to support the acquisition of Quality Valve by The Stephens Group, a Little Rock, AR-based private investment firm.
Evolus, a performance beauty company with a customer-centric approach focused on delivering breakthrough products, extended the expiration date of the second undrawn tranche under its existing term loan financing facility with investment funds managed by Pharmakon Advisors to Dec. 31, 2023.
SSG Capital Advisors acted as the investment banker to David W. Carickhoff, Jr., Esq., the Chapter 7 Trustee of Electric Last Mile Solutions and its subsidiary, Electric Last Mile, in the sale of substantially all assets to Mullen Automotive for more than $100 million.
Winc and its subsidiaries initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. The Bankruptcy Court granted the company interim approval to enter into a debtor-in-possession facility comprising a $5 million term loan.
SunStream Opportunities, an affiliate of SunStream Bancorp, a joint venture sponsored by SNDL, closed a $10 million bridge term loan to Surterra Holdings (dba Parallel Brands), and certain affiliates.
Aequum Capital closed a $7.5 million credit facility to a Midwest-based technology focused independent online pharmacy. The company primarily serves the specialty pharmaceutical market and provides better access to specialty medications that are harder to access at large chains.