Breakout Capital, a financial technology company, merged with 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, which was facilitated by Altriarch Commercial Finance, the new parent company of both Breakout Capital and 12Five Capital, establishes a strategic alliance with a portfolio exceeding $80 million.
This merger aims to establish a comprehensive suite of specialized financial products designed to address the unique challenges that small business owners face. By offering a wider range of products, the combined organization will aim to enhance the client experience with access to term loans, factoring, purchase order financing and asset-based lending.
Breakout Capital, founded in 2015, has encouraged a culture that embraces open lines of communication between borrowers and lenders. Since 2010, 12Five Capital has been serving the needs of emerging businesses that may find traditional bank financing unsuitable or inaccessible.
“At the core of our mission lies a pledge to always put our clients first,” McLean Wilson, CEO and president of Breakout Capital, said. “With the needs of our clients front and center, we aim to provide personalized support and customized financial solutions that empower business owners to succeed. This strategic merger will not only provide our clients with access to a wider variety of in-house financing options, but it will also reinforce our shared commitment to growth and innovation. Together, we’re excited to take the next step toward a brighter financial future for our clients and our business.”
“I am thrilled about this merger, which is a testament to our unwavering commitment to our core values,” Ryan Jaskiewicz, CEO of 12Five Capital, said. “At 12Five, we’ve always believed in running our business not just for profit but for a purpose. Our culture, built on strong values and driven by technology, has been the backbone of our success. When I founded 12Five, my vision was to provide essential capital to underserved businesses and be their first choice, not the last. Our focus has always been on accelerating our clients’ progress in both their businesses and lives, all while upholding the highest standards of ethics and integrity. By joining forces with Breakout Capital, we amplify our commitment to this mission. We share a common culture, values and a dedication to harnessing technology for innovative solutions that will drive our clients forward.”
Wilson will serve the combined firm as co-CEO alongside Danielle Brown, who joined the firm also as Co-CEO. Jaskiewicz, who will serve as the firm’s chief strategy officer, has been entrusted with the responsibility of corporate strategic planning, technology innovation and the leading of the asset-based lending and factoring divisions for the company.
