Gibraltar hired Lisa DeSantis Adams as the newest member of its business development team as a SVP and business development officer for the West Region.
Gibraltar provided Chicago-based private equity group Kinzie Capital Partners with $15 million in acquisition financing for the acquisition of Chelsea Lighting, a New York-based lighting technology company.
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.
Gibraltar provided a $6 million line of credit based on A/R and inventory to Bentek, a manufacturer of power distribution solutions.
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 provided a $6 million asset-based line of credit to a sponsored company with a stake in the future of healthcare
Gibraltar Business Capital received an increase in its credit line with Wells Fargo for the second straight year.
Tony Vassallo has joined Gibraltar’s Northeast regional business development team as a senior vice president.
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.