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Align Business Finance Adds Richardson as Managing Director

September 15, 2020, 07:20 AM

Align Business Finance, a provider of capital solutions to companies across a wide range of industries, announced it has hired Robert Richardson as Managing Director and a member of Align’s investment committee. Along with direct investment underwriting, hid responsibilities will include managing a portion of the portfolio of middle-market loans and leases

“Rob’s experience is a perfect match with our needs, both in terms of working with our existing borrowers as well as underwriting new transactions,” said Jordan Allen, Align’s Principal. “We are excited to add a professional with Rob’s pedigree and experience.”  

Prior to joining Align, Richardson was a Senior Portfolio Manager and Vice President at Exworks Capital, a middle market senior lender, since 2014. Earlier in his career, Richardson spent five years as a Senior Asset Manager at PNC Bank, eight years in various roles at GMAC Commercial Finance and five years at The CIT Group as an underwriter among other roles. He has an undergraduate degree in Business Management & Accounting from Purdue University and a JD from Chicago Kent College of Law.    

Align, formerly known as Reich Bros Structured Finance, LLC, is an asset-based lender that helps borrowers unlock value in capital assets through financing solutions customized to meet the borrower’s needs. Financing solutions include sale-leaseback, capital lease, term loan, secured loan and other structured transactions, and assets include machinery, equipment and industrial real estate. Align provides capital to companies across a wide range of industries, including agriculture, construction, energy, food and beverage, healthcare, industrial, manufacturing, mining, pharmaceuticals, technology, and transportation. The team can quickly and creatively structure and close credit facilities from $500,000 to $30 million

Align is part of the ALR Capital Group comprised of finance companies focused on different sectors and markets with offices outside of Chicago, New York and Los Angeles. In addition to Align, ALR Capital Group, through Landrace Financial provides senior secured loans against real estate, equipment and intellectual property and branded products to cannabis operators predominately in approved U.S. jurisdictions.

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