CIBC hired Ron Kerdasha as a managing director and senior business development officer for its asset-based lending team. Kerdasha has more than 30 years of experience. Prior to CIBC, Kerdasha served as a regional group head for Fifth Third Business Capital in the Northeast.
Fifth Third Business Capital provided a $15 million senior credit facility to Percheron, an energy-related professional services company offering specialized expertise in land, title, surveying, environmental and engineering services.
Fifth Third Business Capital provided a $9.8 million senior credit facility to Promise to Perform Industries to support a management buyout.