Daily News: November 7, 2018

ABF Journal Acquired by Industry Vets Lisa Rafter & Kate Majewski

Lisa Rafter and Kate Majewski, owners of LK Consulting Partners LLC, have acquired ABF Journal, the leading source of news for the asset-based lending industry, and Molloy Associates, an executive search firm serving employers in the commercial finance industry.

In connection with the acquisition, Susie Angelucci, who previously served as ABF Journal’s Advertising Manager, has rejoined the team as Director of Advertising after a decade with County Lines Magazine in West Chester, PA where she served as Director of Advertising.

“I can’t imagine a better-suited team to take the reins of ABF Journal than Lisa and Kate,” said former publisher Jerry Parrotto. “Lisa played an instrumental role in the launch of ABF Journal in 2001, and her dedication to our brand gave it the industry recognition it has today. Her partner, Kate Majewski, has a solid background in finance and is schooled in the art of using technology to elevate and improve outcomes. Together, they bring a solid credential and nationwide reputation for getting results. This will ensure seamless continuity for our stakeholders during this transition.”

Rafter has been in the commercial finance industry for more than 25 years. She has served as Editor in Chief of ABF Journal and Monitor, publisher of the International Factoring Association’s Commercial Factor, publisher of the National Equipment Finance Association’s Newsline, co-publisher of World Leasing News with Sudhir Amembal and SVP/Sales for Odessa.

“This is a homecoming for me,” Rafter said. “My role as Editor in Chief of ABF Journal launched my career in this dynamic industry, and I’ve deepened my relationships and knowledge of the challenges and opportunities facing commercial finance companies in the years since. I’m excited to create the next chapter of ABF Journal’s legacy with Kate.”

“Our industry is at a pivotal point of digital transformation,” said Majewski, who has worked as a technology service provider for more than 18 years in roles with Odessa and Northrop Grumman, a leading global security company. “I’m thrilled for the opportunity to connect companies in our industry with the talent and technological expertise they need to thrive in today’s market.”