News

Investment funds advised by Wafra, the $30 billion New York-based alternative asset manager, entered into a definitive agreement to acquire Navitas Credit, a company in equipment finance solutions, from United Community Bank, a wholly-owned subsidiary of United Community Bank (UCB),...

Sallyport Commercial Finance funded a $3.5 million accounts receivable financing facility for an established apparel company focused on expanding its core denim business. The company required a new financing partner after mutually agreeing to exit its existing banking relationship. Despite...

SouthStar Capital closed a combined purchase order and accounts receivable financing facility for a medical products distributor serving customers throughout the United States. The company secured a significant purchase order that required additional working capital to fund inventory production with...

Cascadia Capital, an independent investment bank serving middle-market clients globally, added Everett W. Currier III as a managing director to lead the firm’s energy, power and infrastructure practice within the industrials investment banking group. Currier brings more than 25 years...

OceanSound Partners, a private equity firm that invests in technology and technology-enabled services companies serving aerospace, defense, government and highly-regulated end markets, appointed Kenneth Wolff as partner and chief legal officer. Wolff will provide strategic and legal leadership across the...

Independent Bank and HCB Financial, the parent company of Highpoint Community Bank, signed a definitive merger agreement on March 18, 2026 for IBCP to acquire HCB. The proposed transaction has been approved by both the Federal Reserve Bank of Chicago...

CB&S Business Capital, the asset-based lending (ABL) division of CB&S Bank, announced that it has surpassed $200 million in funded outstandings and exceeded $300 million in total credit commitments as of May 31, 2026. This milestone comes 18 months after...

TAB Bank closed a $2 million asset-based lending facility for Blair Duron, a specialty commercial flooring contractor headquartered in Garner, North Carolina. The capital provided from this credit facility will create opportunities for Blair Duron to lay the groundwork for...

The credit platform of Clearlake Capital Group, a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies, today announced that its credit platform, will assume management of CLOs managed by LCM Asset...

SSG Capital Advisors served as investment banker to HS Group, d/b/a ZOTA Payment Services and Direct Payment Services, in the sale of substantially all of its assets to Kaylad. The transaction closed in June 2026. SSG was retained in February...