Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.
Triumph Bancorp has named Geoffrey P. Brenner chief executive officer of Triumph Business Capital. Brenner joins Triumph Business Capital after serving 10 years as president and chief executive officer of TPC, a nationally recognized healthcare services company based in Plano, Texas.
Carrie Jenkins joined Triumph Business Capital’s sales team as vice president, business development officer. She will report to senior vice president Blain Waugh.
Triumph Bancorp agreed to acquire First Bancorp of Durango and Southern Colorado. The company also entered into an asset purchase agreement to acquire the transportation factoring assets of Interstate Capital.
Triumph Business Capital added Robert P. Gole as vice president business development officer. Gole previously worked for TAB Bank, GE Transportation Finance and CIT Credit Finance.
Carol Apicella joined Triumph Business Capital as vice president, business development officer. She will focus on the growth of general factoring services in the Southeast.
Triumph Business Capital has added two industry veterans. Jack Louden and Nancy Kalman have been named vice president, business development officer.