Gibraltar Business Capital promoted Jeremy DeBoer to senior vice president and account executive team leader, Stan Scott to a senior vice president position and Sam Marder to assistant vice president.
Gibraltar Business Capital funded an acquisition for a new client via an $18 million line of credit. The transaction was initiated by a family office investor group.
Mark Pickering joined Gibraltar Business Capital’s business development team as senior vice president. Pickering previously worked for Ares Commercial Finance, SunTrust Bank, Guaranty Business Credit, Fleet Capital, Moore Colson and KPMG.
Gibraltar closed on another transaction with a food products company, establishing a $10 million credit facility for Dewey’s Bakery. The company was founded in Winston-Salem in 1930 as a retail bakery.
Gregg Marsicano joins Gibraltar as the newest member of its business development team. He is senior vice president for the Northwest Region with responsibility for originating asset-based credit facilities across Northern California, Washington, Oregon, Wyoming, Idaho, Alaska and Hawaii.
Gibraltar Business Capital closed on a $3 million facility to fund a strategic turnaround plan for a national IT consulting firm.