eCapital, an alternative finance provider in North America, promoted Jaime Gillespie to chief human resources officer. In her new role, Gillespie will oversee employee engagement, talent management and leadership development.
Credit funds managed by Ares Management provided North American alternative finance provider eCapital with financing for the company’s acquisition of Advantedge Commercial Finance, a UK-based, privately-owned invoice financing company.
Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.
North American alternative finance provider eCapital named Tony Howard, formerly chief credit officer, chief credit and portfolio officer. Howard will oversee and manage credit risk and policy and portfolio performance and participate in acquisition initiatives.
eCapital named Charles Sheppard, formerly president of the company’s freight factoring division, chief operating officer. In this new role, Sheppard will oversee both the eCapital freight factoring and eCapital commercial finance divisions.
eCapital acquired the factoring portfolio of REV Finance Group, an affiliate of Roly’s Trucking and R.E.G. Logistics, a Los Angeles-based family of transportation, warehousing and logistics companies.