News

Susser Bank continues to expand its Dallas commercial banking team with the addition of Meredith Worley as senior vice president, relationship manager and Conner Heil as vice president, relationship manager. “The Dallas-Fort Worth region continues to attract businesses, investment and...

B. Riley Securities, a full-service investment bank, served as exclusive financial advisor to BitSink in its acquisition by AirJouleTechnologies in a transaction valued at up to $67 million. Under the terms of the agreement, AirJoule acquired 100% of BitSink for...

Tiger Commercial & Industrial (C&I) has completed the sale of high-precision machinery and equipment (M&E) from Lor-Van Manufacturing and Apex Machining, generating recoveries for the benefit of secured creditors, lessors and other stakeholders. Valued at approximately $6 million, the monetized...

Atlas Grove Partners’ Chapter 11 plan of reorganization for Harvest Sherwood Food Distributors has gone effective, with Atlas Grove serving as plan funder and rolling its previously provided debtor-in-possession (DIP) financing into a $180 million exit facility. Since providing the...

Wayflyer, a global working capital provider for small businesses, secured a $50 million corporate debt facility from Trinity Capital, an international alternative asset manager focused on private credit. This debt facility is about expanding the pool of growth capital available...

Novuna Business Cash Flow has expanded into asset-based lending with the launch of a new £2 million to £25 million funding proposition, extending its ability to support larger and more complex UK businesses. The new asset-based lending (ABL) facility enables...

Meritage Hospitality Group, a large restaurant operator, has voluntarily filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Michigan. The company took this step to...

Gordon Brothers, the global asset experts, welcomed Tron Allen as senior managing director, further strengthening the firm’s ability to deliver integrated solutions to private equity sponsors, banks and investment bankers across a broad range of industries. Based in Texas, Allen...

Wells Fargo announced that John Manning, executive vice president and head of commercial banking market coverage, will retire at the end of the year after more than 30 years with the bank. Rob Biodrowski, who is based in Chicago, will...

Eclipse Business Capital (EBC) added Charlie Bacon as a managing director. Bacon, who will be located in Charleston, South Carolina, joins EBC with extensive experience in originating and structuring credit transactions. Prior to joining EBC, he worked for Aequum Capital,...