Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.
Triumph Bancorp has named Geoffrey P. Brenner chief executive officer of Triumph Business Capital. Brenner joins Triumph Business Capital after serving 10 years as president and chief executive officer of TPC, a nationally recognized healthcare services company based in Plano, Texas.
Triumph Bancorp completed its acquisitions of First Bancorp of Durango and Southern Colorado Corp., along with their respective subsidiaries.
Triumph Bancorp agreed to acquire First Bancorp of Durango and Southern Colorado. The company also entered into an asset purchase agreement to acquire the transportation factoring assets of Interstate Capital.