Heading Chase’s ABL unit for nearly 12 years, John Goldthorpe now has the equipment finance group under his wing and is leading his team in creating a strategic dialogue between the two businesses in order to serve as a comprehensive resource for their clients’ growth plans.
ABF Journal spends time with Joseph Gaffigan to discuss how he is building TCF Bank’s national commercial finance business by focusing on the lower middle market, developing a strong portfolio and supporting clients’ growth by stressing responsiveness and customer service.
ABF Journal contributing editor Howard Brod Brownstein spends time with Robert Radway, chairman and CEO of NXT Capital, to discuss how the company has developed since its 2010 launch, including closing more than 232 deals totaling $5.3 billion in commitments through June 2013.
The ABF Journal spends time with Christopher R. Carmosino, president of RBS Citizens Business Capital, to discuss the group’s expertise, recent expansion and the current state of the ABL marketplace.
Under Stuart Brister’s leadership, the recently launched Commercial Services Division of Wells Fargo Capital Finance brings together the company’s trade capital business and AR/PO financing group under one umbrella, resulting in greater operational and marketing efficiencies and providing the opportunity to broaden the unit’s product offerings and geographic reach.
In May 2012, Great American Group announced that it appointed Stuart Armstrong as president of GA Capital. Recently, he met with ABF Journal contributing editor Howard Brod Brownstein to discuss GA Capital’s evolution and to explore Armstrong’s deep industry experience, which includes serving as an executive with GE Capital and launching Tygris Commercial Finance.
ABF Journal contributor Lisa Miller caught up with Dan Chapa, CEO of Healthcare Finance Group, to discuss the company’s recent acquisition by Fifth Street Finance and what it will mean in terms of future growth now that HFG has the added advantage of being affiliated with a public company that has access to capital.
ABF Journal contributing editor Howard Brod Brownstein catches up with Ted Koenig, president & CEO of Monroe Capital LLC, who was recently named the “2012 Middle Market Thought Leader of the Year” by The Alliance of Mergers & Acquisition Advisors and Grant Thornton.
In October, Hitachi Capital America established Hitachi Capital Canada. Before 2012 came to a close, the company acquired Hennessey Capital. In early 2013, Hitachi announced that Hennessey would offer equipment financing. ABFJ catches up with William H. Besgen, president and COO of Hitachi Capital America, Thomas Cross, general manager of Hitachi Capital’s Trade Finance Division, and Michael Semanco, president and COO of the Hennessey Capital Division, to learn more about these strategic moves.
While all indicators, including recent articles in ABF Journal, pointed to the fact that activity decreased in 2012, KeyBank Business Capital’s Laurie Muller-Girard has noted that for the company, asset-based lending increased prompting the company to expand its division with new personnel to cover the growing market.