News

Wells Fargo released its Q4/24 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3/24, but reached the highest sentiment...

Austin Financial Services (AFS) closed a $5 million asset-based lending facility consisting of an accounts receivable revolver for a growing logistics provider serving e-commerce retailers. Following its recent buyout of a foreign partner, the company sought a strategic partnership with...

Tiger Group promoted Ryan Davis to chief operating officer, having previously led a nationwide team of appraisal group associates, financial analysts and writers as executive managing director of Tiger Valuation Services. Davis, an ABF Journal Icon, assumes the role of...

eCapital, a technology-enabled provider of financing for small and medium-sized businesses across North America and the U.K., appointed Akshay Lazarus as chief product officer, bringing extensive expertise in AI strategy, product innovation and digital transformation. Lazarus has led large-scale digital...

Byline Sponsor Finance (BSF) provided financing to support Automotive Color & Supply (ACS), a WILsquare Capital portfolio business, in its acquisition of Paint Works, a regional, single-line distributor of PBE products for independent and small multi-shop owners. BSF, a division...

TD Bank Group made changes to its senior executive team. Vladimir “Vlad” Shpilsky will lead platforms and technology, effective immediately. He will report to Raymond “Ray” Chun, incoming group president and CEO, and will join the bank’s senior executive team....

nFusion Capital welcomed Curt Powell as senior vice president of business development. Powell will lead efforts to cultivate and maintain client and referral relationships in the construction industry across the United States to support business development efforts and ensure alignment...

Air Industries Group, a manufacturer of precision components and assemblies for large aerospace and defense prime contractors, has amended the terms of its credit facility with its primary lender, Webster Bank. Relaxing the required covenants, permitting the repayment of subordinated...

Kestra Holdings completed its acquisition by funds managed by Stone Point Capital, a private equity firm focused on global financial services and related industries, replacing funds managed by Warburg Pincus, the company’s former majority owner. Private equity firm Oak Hill...

Brown Rudnick promoted Morgan Jones, Sorell Negro, Dean Ramanathan, Robert Ruh and Susan Sieger-Grimm to partner. “We are proud to welcome this group of exceptional lawyers to our partnership,” Vince Guglielmotti, chairman and CEO of Brown Rudnick, said. “Each of...