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Wintrust Specialty Finance Closes $100MM Portfolio Acquisition

February 18, 2020, 07:25 AM
Filed Under: Mergers & Acquisitions

Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A. and part of the Wintrust family, completed the acquisition of an approximately $100 million portfolio of high-quality small-ticket leases and loans. The acquisition is aligned with WSF’s strategy of partnering with industry leaders to optimize their capital and portfolio requirements.

“WSF is leveraging its technology platform and experienced team to acquire large and ongoing portfolios of commercial equipment leases and loans,” said David Normandin, CLFP, President and CEO of WSF. “No portfolio is too large for consideration under the well-funded and diversified Wintrust portfolio and capital structure.”

Wintrust Specialty Finance was represented in the acquisition by Robert Cohen of Moritt, Hock & Hamroff LLP.

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