The International Factoring Association appointed five new advisory board members, including Jay Atkins of Seacoast Business Funding, Oscar Rombolà of eCapital, Greg Salomon of Oxygen Funding, George Thorson of Triumph Business Capital and Debra Zukonik of Dare Capital.
Coeur Capital launched a transportation financing division, CCT Factoring. Kim Kringen will lead the new division as president and managing director. In addition, Coeur Capital hired Brendan Dete as a partner.
PrimeArc Capital’s group of managers, led by Bud Crawford, CEO, and David Ebinger, COO, completed a management buyout of the company in an all cash transaction. In addition, Crawford and Ebinger founded Coeur Capital. Coeur Capital was set up to purchase the assets of PrimeArc.