Siena Lending Group delivered $205 million across eight deals and Siena Healthcare Finance delivered $16.5 million across two deals in Q2/21. The company also grew its team, hiring Joe Panico and Keith Holler in addition to other personnel moves.
Siena Lending Group’s deals from the quarter included transactions with companies in the distribution, manufacturing, energy and consumer goods industries. The deals were completed with companies in Alabama, Illinois, New Jersey, Ohio, Oklahoma, South Carolina and Pennsylvania.
“I am excited to share that we closed a record eight transactions in Q2. That includes facilities of $58 million, $26.5 million and $25 million for — respectively — a textile manufacturer, a valve distributor in the oil and gas sector and a remanufacturer of aircraft engines,” Dave Grende, president and CEO of Siena Lending Group, said. “Our team’s dedication and persistence have been critical to our success in these uncharted times. I am proud of what we’ve accomplished and look forward to maintaining our momentum for the remainder of the year.”
Siena Healthcare Finance’s deals from the quarter included transactions with a hospital and a medical transportation company, both based in California.
“We closed two transactions this quarter, including $10 million for a hospital and $6.5 million for a medical transportation company,” Jennifer Sheasgreen, president of Siena Healthcare Finance, said. “As the market opens back up now that pandemic restrictions have been lifted, we will continue to stay focused in our approach to the healthcare marketplace. Our clients will always be our No. 1 focus, and we will remain diligent in crafting solutions to meet their working capital needs.”