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Former Tygris Founder Stuart Armstrong Joins Great American Group

May 30, 2012, 06:35 AM

Great American Group, LLC , a leading provider of asset disposition, valuation and appraisal services, has announced the appointment of Stuart Armstrong as President of GA Capital.

"We're pleased to have someone of Stuart's caliber joining us," said Great American Group CEO Andy Gumaer. "With his experience, he'll be a tremendous asset to the customers who come to us for the wide variety of financial solutions we make available through GA Capital."

Armstrong, who has more than 20 years of experience in the financial services industry, will be responsible for the day-to-day management and operation of GA Capital, which provides senior and junior secured loan facilities to help middle market businesses meet their financing needs.

"I'm looking forward to working with the Great American team and helping to drive the expansion of the GA Capital platform into all major industries and market sectors," Armstrong said.

Previously, Armstrong was one of the founders and served as Executive Vice President of Tygris Commercial Finance and as President of Tygris Corporate Finance. Prior to that, Armstrong was President of Black Diamond Commercial Finance and was Senior Managing Director and Vertical Industries Leader for GE Commercial Finance's Corporate Lending Group. Armstrong started his career at The Bank of New York.

A division of Great American Group, GA Capital provides senior and junior secured corporate loans that range from $15 million to $150 million -- assisting companies in restructuring existing debt, fueling new growth strategies and enhancing their liquidity profiles.

About Great American Group, LLC (GAMR-G)

Great American Group, LLC, is a leading provider of asset disposition solutions and valuation and appraisal services to a wide range of retail, wholesale and industrial clients, as well as lenders, capital providers, private equity investors and professional service firms. Great American Group has offices in Atlanta, Boston, Charlotte, North Carolina, Chicago, Dallas, London, Los Angeles, New York, and San Francisco.

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