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.
Gibraltar Business Capital closed a $10 million credit facility for a sponsor-backed specialty chemical business located in the Southwest.
Gibraltar funded a $2 million line of credit and an $8 million line of credit, respectively, to support the acquisitions of two different staffing companies by experienced industry players.
Gibraltar closed a $1.5 million line of credit facility for Lehr Holdings. Gibraltar closed a $1.5 million line of credit facility for Lehr Holdings.