News

Commercial chapter 11 filings increased 20% in calendar year 2024 to 7,879 from 6,583 filings the previous year, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Overall commercial filings increased 17% to 30,009 from...

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support NationsBenefits’ acquisition of General Vision Services, an existing portfolio company of General Atlantic, The Pritzker Organization and Denali Growth Partners.

Rosenthal & Rosenthal announced the completion of a $4 million purchase ordering financing facility to support a U.S.-based global manufacturing company with a multi-faceted government contract. The company, a global manufacturer and supplier of aerospace and defense gear, wanted to...

Mesirow, an independent, employee-owned financial services firm, acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on Dec. 31, 2024. “We are pleased to welcome Bastion to Mesirow as we extend our alternatives offering in the asset-backed lending...

Austin Financial Services (AFS) closed a $5 million accounts receivable asset-based lending credit facility to a company specializing in the design and manufacturing of electronic communication systems serving aerospace and defense contractors. Proceeds from AFS’ revolving credit facility were used...

B. Riley Securities, a middle market investment bank, served as the exclusive financial advisor to Q-mation, in connection with its recapitalization by The Halifax Group. “We are very proud to have advised Q-mation on this transaction,” Nishen Radia, senior managing...

Moritt Hock & Hamroff (MH&H) elevated Brian Adelman and Jodi B. Zimmerman to partner and elevated Allison Arotsky, Julie R. DeLeόn and Ronald P. Perry to counsel. Further, the firm elected David S. Fitzhenry, partner of the firm, to serve...

Hidden River Strategic Capital invested in Restoration Alliance, a franchisee within the ServiceMaster Restore franchise system. Hidden River partnered with existing management and Taurus Capital Partners to recapitalize the business and provide growth capital. Restoration Alliance has been owned and...

Eclipse Business Capital (EBC) provided a $265 million senior secured credit facility to a consumer products distributor. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the company’s existing credit facilities and provide additional liquidity...

Asset Compliant Solutions (ACS), a provider of portfolio optimization solutions for asset-based lenders and lease finance companies, appointed Leslie Skwara vice president of finance. Skwara joins ACS with a track record of driving organizational transformation and sustainable growth in innovation-focused...