Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, acquired Lyon Capital, the factoring division of Lyon Credit Services, a credit reporting agency in the home furnishings industry since 1876.
“Lyon Credit Services has been a major figure in the furniture industry for over 147 years. We look forward to welcoming Lyon’s clients into the Rosenthal family and supporting them with our full complement of products and services as they grow their businesses,” Peter Rosenthal, co-president of Rosenthal, said. “This acquisition is another important step for our firm as we continue to broaden Rosenthal’s factoring capabilities as well as our scope and reach across the furniture sector.”
“In today’s ever-changing financial environment, Rosenthal is well positioned to add a depth of experience and coverage to better service Lyon Capital customers,” Rick Mantin, president of Lyon Credit Services, said. “Since 1938, Rosenthal has had a reputation in the factoring industry for honesty, integrity and outstanding customer service.”
Rosenthal also named Jeff Winans vice president and business development officer, effective May 1. Based in Texas, Winans joined Rosenthal from Lyon Credit Services, where he served as a sales executive for 12 years.
All Lyon Capital factoring clients will transition to Rosenthal’s platform, effective May 1. Lyon Mercantile Group will continue to focus on providing industry-specific credit information and Lyon Collection Services will continue to provide third-party collections to clients across the United States, including Rosenthal.
