Siena Lending Group completed seven new transactions exceeding $75 million in credit facilities during the Q4/19.
Siena’s new healthcare finance business closed two of those transactions. The healthcare facilities include a pharmaceutical distributor as well as a provider of skilled nursing services. Non-healthcare transactions include a distributor of OCTG pipes, a provider of commercial landscape and maintenance services, a manufacturer and retailer of ergonomic massage chairs, and a distributor of grocery and sundry items for the convenience store market.
The companies were either private equity sponsor-owned, family-owned, or partnerships.
“It was a busy quarter for us. It was great to see Siena Healthcare Finance, which we launched in September, off to a strong start, closing two deals alone worth $32.5 million. We are excited to carry the momentum from the end of 2019 into 2020 and make it the strongest year in our history,” said David Grende, CEO of Siena.