News

Crestmark’s Joint Ventures division and the Government Guaranteed Lending division secured a combined total of $73.28 million in financial solutions for six solar energy clients in the second half of December.

Robert L. Kahan joined Blank Rome as a partner in the Corporate, M&A, and Securities group in the firm’s Los Angeles office. He is the third partner to join the group in recent weeks.

Abacus Finance Group served as administrative agent and sole lender on a senior debt financing to support In-Place Machining Company’s acquisition of Cutting Edge Services.

Specialty finance company Hercules Capital renewed its credit facility with Wells Fargo Capital Finance. WFCF has committed an initial $75 million in credit capacity under the $125 million accordion credit facility.

Twin Brook Capital Partners served as administrative agent on funding to support the refinancing of Atchafalaya Measurement, an add-on acquisition by Southern Petroleum Laboratories.

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Inland Pipe Rehabilitation (IPR) by private equity sponsor, J.F. Lehman & Company.

Amerisource Business Capital closed and funded a $500,000 credit facility for a mechanical repair and service company based in Texas.

On Friday, Walter V. Shipley, the former chairman and CEO of Chase Manhattan Bank and an influential architect of bank mega-mergers in the 1980s and 90s, passed away. He was 83 years old.

Jeffrey E. Cohen joined law firm Blank Rome as partner in the Corporate, M&A, and Securities group in the New York office.

Restructuring and advisory firm Gordon Brothers opened a new office in Perth, Australia. The office will be led by equipment valuation and auction industry veteran, Ben Gibson.