Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the first quarter of 2024. Revenue grew 5% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Growth in Q1 2024...
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April 12, 2024, 07:00 AM
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Garrington Capital, a provider of capital solutions to middle-market companies in the United States and Canada, announced it has funded a $700,000 term loan to support the buildout of a Cincinnati-based surgical center and purchase of equipment. The...
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March 14, 2024, 07:12 AM
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The 2024 CFO Outlook Survey found that with continued economic uncertainty tied to interest rates, inflation, geopolitics, and the upcoming presidential election, many CFOs have moderate expectations for 2024 compared to the previous year: Now, 32...
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January 24, 2024, 07:00 AM
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Middle market private companies in the Golub Capital Altman Index grew earnings by 16 percent during the first two months of the fourth quarter of 2023, the highest year-over-year earnings growth since Q2 of 2021. Revenue grew 7 percent during the...
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January 10, 2024, 07:15 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, increased to 132.9 in the fourth quarter from 129.6 in the previous quarter on a seasonally adjusted basis. The MMBI...
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December 07, 2023, 07:22 AM
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Huntington National Bank has expanded its Huntington Business Credit team with the addition of a Washington, D.C.-based group focused on asset-based lending in the healthcare industry.Huntington Business Credit provides companies with working capital...
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December 01, 2023, 07:20 AM
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TD Bank announced Mike Nursey has been named its North Florida Commercial Market President to support continued growth efforts in the region, which includes the greater Orlando, Tampa/St. Petersburg, Jacksonville, Gainesville, Ocala, Daytona...
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November 22, 2023, 07:17 AM
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Middle market private companies in the Golub Capital Altman Index grew earnings by 13% during the first two months of the third quarter of 2023, the highest year-over-year earnings growth since Q3 of 2021. Revenue grew 8% during the same...
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October 13, 2023, 07:17 AM
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ACME Credit Partners, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market.ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors...
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October 09, 2023, 06:50 AM
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Centerbridge Partners and Wells Fargo & Company announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. To meet the alternative credit needs of this segment...
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September 27, 2023, 07:15 AM
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Wells Fargo Commercial Banking, part of Wells Fargo & Company, announced Bobby Bans will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle...
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September 12, 2023, 07:25 AM
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Rainstar Capital Group, a Grand Rapids, MI-based national debt advisory firm announced it has hired Patrick Dunphy to its middle market team as Managing Director to head up the Cleveland market.Rainstar Capital Group’s CEO Kurt Nederveld said, "We...
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August 21, 2023, 07:10 AM
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Clarus Capital announced it hired Shawn Lenhart as a Director in the Investment Origination Group. In this role, he will focus on new client development, deepening and expanding existing client partnerships, and executing financing solutions for...
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August 08, 2023, 07:20 AM
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Despite continued macroeconomic challenges, just under half of U.S. midsize business leaders expect a recession in the second half of 2023, finds JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey released today. Forty-five percent of...
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July 17, 2023, 07:18 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 5 percent and revenue growth of 4 percent during the first two months of the second quarter of 2023.Lawrence E. Golub, CEO of Golub...
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July 14, 2023, 07:18 AM
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Clarus Capital (Clarus) announced it has completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. Financing proceeds will support the installation of new essential use production equipment across multiple...
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May 22, 2023, 07:16 AM
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The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation, announced Kenneth Ruland has been promoted to Senior Vice President and Middle Market Team Leader. He joined the Bank in 2019 as a Middle Market...
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May 15, 2023, 07:05 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 11 percent and revenue growth of 11 percent during the first two months of the first quarter of 2023.Lawrence E. Golub, CEO of Golub...
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April 14, 2023, 07:18 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, increased to 134 in the first quarter, up 9.4 points from the previous quarter. Easing inflation and solid household...
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March 14, 2023, 07:20 AM
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Provident Bank released the results of its 2023 Economic Outlook Survey. The survey polled 1,000 small-to-medium-sized business owners and executives and explores predictions for 2023’s economic outlook in addition to measuring respondents' thoughts...
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January 13, 2023, 07:03 AM
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Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also...
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January 11, 2023, 07:23 AM
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MidCap Financial, a commercial finance company focused on middle market transactions, announced it has provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing, Inc. Proceeds from MidCap...
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December 27, 2022, 07:03 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, eased to 124.2 in the fourth quarter, down 12.5 points from the previous quarter. While the index remains at a level that...
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December 12, 2022, 07:15 AM
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Accord Financial Corp., a U.S. and Canada independent commercial finance companies, announced a realignment plan to better support the organization’s continued growth among middle market businesses, uniting all U.S. commercial financing programs...
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November 18, 2022, 07:22 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 12% and earnings decline of 2% during the first two months of the third quarter of 2022. This compares to year-over-year revenue growth of...
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October 13, 2022, 07:03 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, increased to 138.5 in the third quarter, up 7.3 points from the previous quarter. The statistically significant increase...
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September 12, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer...
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September 12, 2022, 07:08 AM
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Brookline Bank announced Carol Hansen has been named Senior Vice President, Relationship Manager in the bank’s Middle Market C&I Banking Group. She will be located at Brookline Bank’s Wakefield commercial banking office. Hansen has more than 20 years...
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July 01, 2022, 07:20 AM
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, released its annual 2022 Business Barometer, an in-depth study into the mood, mindset, and strategic priorities of leaders at small and middle market companies across the United States. This...
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June 22, 2022, 07:15 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP in partnership with the U.S. Chamber of Commerce, increased to 130.6 in the second quarter of this year from 126.3 in the previous quarter. Business conditions in the middle...
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June 07, 2022, 07:20 AM
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First Citizens Bank announced that its Middle Market Banking business provided a $60 million loan to Bahakel Communications to refinance existing debt and help finance future growth opportunities. Bahakel Communications is a family owned-and-operated...
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May 11, 2022, 07:10 AM
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JPMorgan Chase Commercial Banking announced it has named Arnold Evans as Managing Director and Co-Head of Emerging Middle Market (EMM) within the Middle Market Banking & Specialized Industries (MMBSI) business. In this new role, Evans will partner...
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May 06, 2022, 07:20 AM
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Blue Ridge Bank announced the establishment of its middle market banking division. This effort entails the buildout of commercial banking teams in attractive MSA's in the Mid Atlantic and Southeast. The division is led by C. Douglass Riddle...
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May 04, 2022, 07:10 AM
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May River Capital, a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced the creation of Automated Handling Solutions, a newly established platform offering highly engineered material handling...
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April 27, 2022, 07:17 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 18% during the first two months of the first quarter of 2022. This report marks a return to the typical year-over...
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April 15, 2022, 07:10 AM
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Dime Community Bancshares, Inc., the parent company of Dime Community Bank, announced Robert “Bob” Maichin will join the company as Head of Middle Market Lending. In this role, Maichin will lead Dime’s middle market commercial lending operations and...
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April 07, 2022, 07:20 AM
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Arena Investors and Encina Lender Finance (“ELF”) closed a $300 million credit facility (which includes an accordion feature) for Arena’s Corporate Private Credit business segment, which provides capital to privately-held companies.Arena has a track...
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March 24, 2022, 07:00 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, eased to 125.1 in the first quarter of this year from 130 in the previous quarter as the omicron variant and rising...
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March 15, 2022, 07:09 AM
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Year-end 2021 data from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Fisher College of Business, reveals that middle market firms' optimistic economic outlook and continued recovery from the pandemic...
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March 01, 2022, 07:22 AM
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Cerebro Capital, a commercial loan marketplace, released its Q4 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports commercial lenders continued to ease lending standards in the fourth quarter...
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February 18, 2022, 07:17 AM
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Cerebro Capital, a commercial loan marketplace, announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms...
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January 28, 2022, 07:17 AM
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Middle market private companies in the Golub Capital Altman Index experienced EBITDA growth of 22% and revenue growth of 21% in October and November 2021 compared to their October and November 2019 earnings and revenue. The data in this report...
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January 25, 2022, 07:00 AM
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Middle-market companies and private-equity firms foresee an extremely strong year for the M&A market in 2022, with bullish forecasts for both deal volumes and for company valuations, according to a Citizens survey of 400 leaders at U.S. middle market...
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January 24, 2022, 07:12 AM
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Cerebro Capital, a commercial loan marketplace, released its Q3 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports lenders continued to ease lending standards, making it easier for businesses to...
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December 29, 2021, 07:14 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, posted a reading of 129.7 for the final quarter of 2021, which is an expected decline from the index's all-time peak of...
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December 03, 2021, 07:15 AM
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TriState Capital Holdings, Inc. announced Gene McCarthy has joined the company as TriState Capital Bank Regional President, New Jersey. McCarthy is responsible for the region’s overall performance and future strategic direction as well as developing...
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November 12, 2021, 07:20 AM
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced its expansion into the state of Arizona with the hire of Kevin Gillette to build and lead the bank's newly formed Phoenix middle market banking office. Gillette is one of Arizona's...
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November 10, 2021, 07:24 AM
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Bank OZK has hired Jim Lyons as Managing Director, Equipment Finance and Capital Solutions Group. Lyons will launch the new group, providing a full array of equipment-oriented collateral products, including equipment finance and lease...
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October 26, 2021, 07:24 AM
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Wells Fargo & Company announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking. Lesher most recently served as head of the East region.An industry...
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October 25, 2021, 07:20 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, increased from 133.6 in the second quarter to 145.5 in the third quarter of 2021. The data revealed that business...
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August 27, 2021, 07:15 AM
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, released its annual 2021 Business Barometer, an in-depth study into the mood, mindset and strategic priorities of nearly 1,200 leaders at small and middle market companies across the United...
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July 30, 2021, 07:10 AM
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CIT Group Inc. announced its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC.Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, TX, primarily occupied by...
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July 22, 2021, 07:17 AM
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Webster Bank announced it is expanding its commitment to the transportation and logistics industry with the addition of Nick Weaver as Senior Vice President, Regional Manager, Middle Market Banking. Weaver will report to Scott Meves, Regional...
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June 09, 2021, 07:14 AM
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Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a...
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May 10, 2021, 07:10 AM
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Santander Bank appointed Scott Baldinelli as Head of New England Middle Market Banking. Baldinelli will report to Joe Abruzzo, Head of Commercial Banking for Santander Bank.Baldinelli will lead business development, market growth and relationship...
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March 30, 2021, 07:17 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, rose slightly in January 2021 to 124 from 121 in December 2020, indicating that while the U.S. economy continues to see...
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March 05, 2021, 07:05 AM
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced the addition of Dave Ericksen to its Pacific Northwest (PNW) middle market banking leadership team as Senior Vice President and Middle Market Director. Recognized as one of the PNW...
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February 18, 2021, 07:20 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, remained steady in October, indicating the U.S. economy is continuing to emerge from the pandemic-induced recession. The...
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November 20, 2020, 07:25 AM
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Executive and board director compensation practices have come under more scrutiny as a result of the pandemic. BDO USA, LLP has released two separate reports, one on CEO and CFO compensation and one on board compensation, which explore how...
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October 30, 2020, 07:15 AM
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For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new...
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September 17, 2020, 07:20 AM
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Investors Bank’s Commercial Banking Group announced the addition of five senior-level executives who will focus on building relationships and originating loans with middle market companies throughout the region. Investors’ expanded commercial banking...
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July 22, 2020, 07:25 AM
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Amid an unprecedented global pandemic and disruptions to the economy, 53 percent of business leaders expect their companies to return to normal in the next 12 months, according to JPMorgan Chase’s Business Leaders Outlook Pulse Survey. The majority...
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July 09, 2020, 07:20 AM
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Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56 percent of middle market CFOs...
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January 31, 2020, 07:20 AM
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Umpqua Bank, a West Coast regional bank, released its "State of the Middle Market 2020," a national survey gauging the confidence of companies that together account for one-third of all U.S. private sector GDP. More than 500 decision-makers at middle...
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December 05, 2019, 07:20 AM
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Webster Bank announced Sam Hanna has been promoted to Executive Vice President, Middle Market Banking reporting to Chris Motl, Executive Vice President, Head of Commercial Banking.In this capacity, Hanna will continue to lead the bank’s regional...
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December 02, 2019, 07:28 AM
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Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll for CIT Group Inc.Middle...
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November 13, 2019, 07:20 AM
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Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced it has completed its U.S. sales leadership team for the Middle Market Asset-Based Lending (ABL) group, which focuses on transactions under $35 million. With more than a...
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July 17, 2019, 07:12 AM
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Middle market companies across the Western U.S. are bullish on their growth prospects well into 2020, even as they confront near-term economic uncertainty and ongoing market disruptions. According to the 2019 Umpqua Bank Middle Market Monitor, a...
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July 12, 2019, 07:15 AM
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Sun Life Investment Management announced the appointment of Elaad Keren as Senior Managing Director and Head of Mid Markets Lending, Sun Life Investment Management. Keren will be responsible for sourcing and approving investment opportunities within...
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May 13, 2019, 07:20 AM
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Antares announced the results of its third annual market outlook survey of middle market private equity borrowers, sponsors and investors. The survey, Antares Compass, examines trends and sentiment related to M&A activity, hiring and the state of the...
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April 01, 2019, 07:05 AM
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Mitsubishi UFJ Financial Group, Inc. (MUFG) announced its global Healthcare Banking franchise has expanded to include a U.S. Middle Market group.The development of a Middle Market business is a natural extension of MUFG's successful global Healthcare...
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March 12, 2019, 07:07 AM
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HSBC US Commercial Banking announced that it has teamed up with Neptune Financial (NepFin) to better serve the capital needs of middle market businesses in the United States. Through this partnership, firms doing business with NepFin will now be able...
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February 28, 2019, 07:10 AM
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Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown...
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January 31, 2019, 07:25 AM
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The optimism that spawned a long period of economic expansion in the middle market seems to have become more uncertain as revenue and employment growth rates reported a slowdown since last quarter with confidence also sliding downward, most notably...
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January 25, 2019, 07:20 AM
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The middle market has reached a digital precipice where ignoring the forces of disruption is no longer an option, new research finds. According to BDO’s inaugural Middle Market Digital Transformation Survey, which polls C-level executives at...
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January 21, 2019, 07:30 AM
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A study from Chubb and The National Center for the Middle Market (NCMM) finds that although manufacturing is experiencing growth, there are many interconnected challenges leading to new risks. The research also suggests that manufacturers may not be...
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November 29, 2018, 07:10 AM
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Middle market private companies in the Golub Capital Altman Index (GCAI) experienced year-over-year revenue growth of 11.75 percent and earnings growth of 10.83 percent during the first two months of the third quarter of 2018. This compares to...
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October 22, 2018, 07:05 AM
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Ryan Smith has joined CapX Partners as an Associate, the company announced. In this position, he will support investment underwriting and evaluation, portfolio management and deal execution.Prior to joining CapX, Smith worked as a commercial banking...
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October 18, 2018, 07:15 AM
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Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it is continuing to expand its team with the addition of Mark Castellanos as Vice President of Commercial Sales. He will be responsible for leading the development of...
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September 20, 2018, 07:11 AM
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Wells Fargo & Company announced 33-year banking veteran Alfred (Al) Kenrick will lead Middle Market Banking (MMB) in Silicon Valley, including three offices in Palo Alto, San Jose and Monterey.Based in Palo Alto, Kenrick now leads a local team of 30...
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September 10, 2018, 07:25 AM
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Wells Fargo Middle Market Banking announced Arnie Adkins has been named regional vice president for its Western Mid-Atlantic commercial lending operations, covering Lynchburg, Southwest Virginia, the Shenandoah Valley, and West Virginia.Based in...
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August 06, 2018, 07:05 AM
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Growth in the middle market remains strong, but cracks are beginning to appear in the optimism that's been driving this unprecedented growth streak. Data from the 2Q 2018 Middle Market Indicator (MMI) released by the National Center for the Middle...
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July 27, 2018, 07:22 AM
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Jeffrey Armstrong has joined CapX Partners, a provider of middle market equipment leasing and finance, in the newly created position of Director, Bank Markets and Syndications. In this position, his responsibilities will include managing the...
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July 19, 2018, 07:20 AM
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Middle market executives are more positive about the health of their businesses and more optimistic about their prospects for future growth than at any time in the last three years, according to the findings of a new survey conducted by The Harris...
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June 28, 2018, 07:25 AM
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Wells Fargo announced that 26-year banking veteran Marci Davis has been promoted to Central Coast Middle Market Banking regional manager. She succeeds Barbara White Thompson, who became head of the company’s Business Risk Management Group.Davis, a...
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June 27, 2018, 07:15 AM
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Capital One announced Lou Mastrianni has been named Northeast Market Manager for its Middle Market Banking group. In this role, he will lead the team focused on supporting clients in the Northeast, including New York City. He will report to Steve...
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June 20, 2018, 07:20 AM
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Wells Fargo Middle Market Banking announced it has promoted Abigail (Abby) Matia to lead its commercial lending operations for the Mid-Atlantic Region, including Virginia, Maryland, West Virginia, and the District of Columbia.Taking the reins of a...
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June 05, 2018, 07:25 AM
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American business owners are feeling better than they have in years, thanks in part to recent regulatory reform, corporate tax cuts and a steadily improving economy. But they’re getting nervous about finding the skilled workers they need to grow as...
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February 23, 2018, 07:23 AM
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There is a reciprocal relationship between middle market firms and the metropolitan areas in which they operate, as uncovered by the Middle Market Power Index: Best U.S. Metropolitan Areas for Middle Market Firms from American Express and Dun &...
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February 12, 2018, 07:19 AM
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Mid-market enterprises (MMEs) in the U.S. are a major contributor to U.S. economic prosperity but have only just scratched the surface of growth potential, according to a newly released HSBC report. HSBC Commercial Banking, in conjunction with Oxford...
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February 09, 2018, 07:30 AM
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Middle market companies continued to hire during the last year and the strong employment growth is expected to continue over the next 12 months, according to the Q3 2017 Middle Market Indicator (MMI) released by the National Center for the Middle...
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October 26, 2017, 07:21 AM
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In a first sign that middle-market businesses are losing confidence in President Donald Trump, a key indicator of middle-market confidence experienced its first decline since the 2016 election. The RSM US Middle Market Business Index (MMBI)...
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September 22, 2017, 07:15 AM
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Middle market firms are outpacing their smaller and larger counterparts when it comes to growth in number of firms, employment, and revenue, according to the Middle Market Power Index from American Express and Dun & Bradstreet. The seventh report in...
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August 16, 2017, 07:15 AM
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Simpler Funding has entered into a strategic partnership with Lighthouse Finance AS, a Pan-Nordic operational equipment leasing and asset management firm.With an extensive investor network throughout North America, Simpler Funding will aggressively...
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August 11, 2017, 08:00 AM
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ACG New York, the largest association of middle-market deal -making professionals in New York, announced the results of its Mid-Year Middle-Market Survey. According to the results, 52 percent of those polled believe that the Trump administration...
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July 26, 2017, 07:15 AM
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Middle market private companies in the Golub Capital Altman Index experienced year-over-year revenue growth of 8.94% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or EBITDA) growth of 2.29% during the first...
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July 13, 2017, 07:18 AM
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Most executives of middle-market companies not only expect their business to experience disruption in the near future, but welcome it, according to Disruption in the Middle Market, a report released by Capital One Commercial Bank. However, this...
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June 28, 2017, 07:00 AM
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The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, reached a record high for the second consecutive quarter, indicating middle market business leaders remain extremely...
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June 21, 2017, 07:19 AM
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Widening yields on middle-market loans is giving lenders more leverage to negotiate with middle-market borrowers, according to a report from Business Insider. The shift follows three quarters of downward pricing pressure characterized by agressive...
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May 26, 2017, 07:17 AM
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According to the annual Business Pulse Survey by SunTrust Banks, Inc., nearly two-thirds of business leaders expect the global and U.S. economy to improve through 2017. Even more optimistic about their own companies, as 75 percent of middle market...
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March 23, 2017, 07:02 AM
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The new political landscape has injected unprecedented confidence into the middle market, with 70% of executives saying they expect the economy to improve over the next six months -- compared to just 37% who said the same at the end of 2016. That's...
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March 22, 2017, 07:07 AM
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A new survey from M&T Bank suggests that many middle market firms are looking forward to potential changes in economic policy under President Trump’s new administration and plan to increase capital spending this quarter as a result.According to the...
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March 10, 2017, 07:18 AM
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Following years of sluggish economic recovery, business leaders believe 2017 stands to usher in a long-awaited acceleration in growth. According to "America's economic engine - Breaking the cycle," Deloitte's 2017 report on business and economic...
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February 10, 2017, 07:02 AM
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Financial research firm Greenwich Associates recently named Huntington one of the top banks for businesses nationally with the presentation of Greenwich Best Brand Awards for ease of doing business with middle-market companies and small businesses...
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January 13, 2017, 07:16 AM
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Mid-market executives are more confident about future growth and are actively pursuing multi-faceted growth strategies in the coming year. These are some of the observations from Jeff Kilrea, Group Head and Managing Director, CIT Sponsor Finance, a...
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November 30, 2016, 07:10 AM
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Middle-market executives remain generally optimistic about the strength of their businesses, with at least 80% foreseeing expansion and diversification over the next twelve months. Though a slight majority (55%) believes their local economy is strong...
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October 27, 2016, 07:10 AM
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Middle-market private companies in the Golub Capital Altman Index increased revenues by 4.62% and earnings (defined as earnings before interest, taxes, depreciation and amortization, or "EBITDA") declined by 0.66% during the first two months of the...
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October 10, 2016, 07:08 AM
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CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary...
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October 07, 2016, 07:18 AM
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The growth of U.S. middle market firms (companies between $10 million and $1 billion in revenues) is outpacing the national average, with an 87% increase in number of firms, a 103% surge in employment, and a 100% rise in revenue since 2011, according...
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September 09, 2016, 07:09 AM
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Reich Brothers, LLC announced that its wholly owned affiliate 476 Bridge Street LLC was the successful bidder for the assets of Columbus Castings in Columbus, OH. The purchase price including cash and other consideration is in excess of $30...
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August 19, 2016, 07:39 AM
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NewStar Financial announced that John Frishkopf will retire from the company as of September 30, 2016. Frishkopf was a founding member of the firm and has served as Treasurer and head of its Asset Management group since NewStar’s inception in 2004. ...
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August 12, 2016, 07:14 AM
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Capital One announced that Bob McCarrick has joined its Middle Market banking team as Executive Vice President and Head of Middle Market Relationships. In this role, he is responsible for regional middle-market banking efforts throughout the East...
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August 09, 2016, 07:12 AM
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Monroe Capital LLC announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisitions of ClickSpark, LLC (“ClickSpark”) and The Garfield Group, Inc. (“Garfield”). Based in Rochester, NY, ClickSpark is a...
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August 02, 2016, 07:11 AM
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Small businesses and middle market companies in the U.S. are in growth mode, according to the American Express Business Growth Pulse. The survey found that ninety-two percent of middle market firms ($10M -$1B in revenues) and eighty percent of small...
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July 15, 2016, 07:17 AM
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Despite comprising only 1% of the total number of commercially active firms in the country, middle market companies have led national job growth over the past five years, employing nearly 53 million workers – more than double the number employed by...
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June 02, 2016, 07:13 AM
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KLC Financial, Inc. (KLC) a market leader in commercial equipment leasing & financing businesses nationwide, announced the restructuring of debt for a local, family owned, trucking company. The company has been in business since 1928. They provide...
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May 19, 2016, 07:07 AM
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Executives from middle market businesses and small businesses have positive expectations for the performance of their companies over the next 12 months, at 70 percent and 69 percent respectively, according to results from the 2016 JPMorgan Chase & Co...
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April 13, 2016, 06:50 AM
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M&A advisory firm Capstone Strategic surveyed middle market executives from multiple industries on their growth and M&A experience in 2015 and their outlook for 2016. The survey was conducted in December 2015, and followed a previous survey in...
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March 14, 2016, 07:00 AM
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CIT Group announced that CIT Capital Equipment Finance made several key appointments designed to further build a best-in-class originations team focused on creating tailored capital equipment financing solutions for middle-market companies.
“I am...
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March 04, 2016, 07:32 AM
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Reich Brothers Holdings, LLC, a purchaser of turnkey manufacturing facilities, specialty finance lender, and demolition services provider, has named Kyle Sligar president of Reich Brothers Business Solutions, LLC and hired new capital asset...
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March 03, 2016, 07:22 AM
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The burgeoning service economy is significantly outpacing more traditional industry sectors in its rate of business growth among middle market companies, according to the Middle Market Power Index: Exploring Generational Changes in Middle Market...
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February 01, 2016, 07:10 AM
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Surplus capital and low interest rates are providing the currency to boost middle market M&A activity, according to the Inside the Middle Market research report released by Brown Gibbons Lang & Company (BGL). The credit markets are open, and...
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December 11, 2015, 08:00 AM
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Despite the explosion of big data throughout Corporate America, middle market executives are judging the state of the economy based on personal experience and observation more than economic indicators. Approximately three in five executives say the...
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October 30, 2015, 07:12 AM
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Summit Funding Group announced that Brian Lowe has joined the company as the General Manager of Equipment Finance reporting directly to Richard Ross, President. Lowe will be leading a team to grow our Material Handling business in both Vendor Finance...
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October 19, 2015, 07:19 AM
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Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, releases proprietary research about M&A conducted as part of an exclusive partnership with Inc., the only major media brand...
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September 24, 2015, 07:06 AM
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Middle-market healthcare executives are optimistic for 2015 with 71% indicating that they expect their revenues to increase this year and two-thirds (66%) anticipating an increase in volume growth. These are some of the findings found in an exclusive...
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April 16, 2015, 07:31 AM
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CIT Group launched CIT Point of View (cit.com/pov), a new weekly corporate blog that will offer commentary and perspectives on current trends and issues affecting the small business, middle market and transportation sectors. Blog posts in CIT Point...
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December 12, 2014, 07:06 AM
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Executives at middle-market companies across the United States are ready to pull the trigger on transactions aimed at growing their businesses and creating jobs, according to new research commissioned by CohnReznick LLP, a top ten accounting, tax...
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August 14, 2014, 06:43 AM
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Capital One Bank announced the appointment of Kate Marcotte and Andrew Brkic as Commercial Banking Relationship Managers for Capital One Bank. They will be based in the McLean, VA office and report to Bryan Pynchon, Market Manager.
“We are pleased...
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April 18, 2014, 06:54 AM
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The demand for lending in the middle market is robust, according to Jeff Kilrea, Co-Head and Managing Director of CIT Sponsor Finance at CIT Group, Inc. These views and others are presented in the “2014 Middle Market Private Equity Outlook”, the...
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March 04, 2014, 06:50 AM
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Middle market executives, whose companies take in more than $6 trillion in revenues and employ more than 30 million people annually, are expressing renewed optimism in their business prospects compared to a year ago. However, despite this positive...
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October 09, 2013, 06:54 AM
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The capital markets are eager to provide liquidity to middle market companies in growing sectors of the economy, according to Neil Wessan, Group Head of CIT Capital Markets at CIT Group Inc.. This view, and others, are presented in “Capital Markets...
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September 10, 2013, 06:28 AM
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Successive quarters of strong performance by the nation's nearly 200,000 middle market companies is fueling increased confidence in the national and global economies. According to the latest Middle Market Indicator (MMI), a survey of 1,000 middle...
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July 24, 2013, 07:08 AM
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According to the most recent quarterly Middle Market Business Sentiment Survey by KeyBank Commercial Bank, contrary to predictions for 2013, this is not the year that middle market companies will set new records for mergers and acquisitions. But that...
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June 28, 2013, 07:05 AM
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After sustained economic turmoil, mid-market executives have a stronger footing and are taking the necessary steps to make the sector an engine for growth in the next year. However, while optimistic about their own growth, according to findings in...
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April 30, 2013, 07:08 AM
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NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The...
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April 09, 2013, 07:14 AM
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NXT Capital announced the launch of NXT Capital Equipment Finance. This new business will be led by Michael Gay, an equipment finance industry veteran. NXT Capital Equipment Finance offers a full range of flexible financing solutions to middle-market...
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April 02, 2013, 07:14 AM
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Bank of the West announced that it is rapidly expanding its commercial banking team in 2013 to meet increased demand for its products and services. Following a strong 2012 in which its commercial and industrial loans grew 20 percent, Bank of the West...
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March 12, 2013, 07:13 AM
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GE Antares, a unit of GE Capital, announced today it closed more than 220 senior loan transactions, totaling $15.3 billion in financing, during 2012."Helping build and strengthen the middle market is central to our business," said John Martin...
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February 27, 2013, 07:14 AM
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A new national survey from TD Bank reveals that both middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession. Nearly half (46%) of finance managers polled said...
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February 07, 2013, 07:30 AM
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The National Center for the Middle Market (NCMM) announced that the U.S. middle market added an estimated $650 billion in new revenue and more than 1 million jobs in 2012 based on findings in the NCMM’s 2012 fourth-quarter Middle Market Indicator....
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January 24, 2013, 07:42 AM
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Ninety-six percent of 1,000 middle market business leaders questioned in a recent survey say they have strong preferences for the outcome of the ongoing fiscal cliff negotiations. The survey, released by the National Center for the Middle Market, was...
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December 24, 2012, 07:39 AM
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Private equity firms are racing to beat the fiscal cliff and have increasingly accessed the debt markets this year as readily available capital has allowed them to refinance and recapitalize their portfolio companies, so much so that it’s driving...
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December 14, 2012, 07:11 AM
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According to the latest KeyBank Middle Market Business Sentiment survey, more than two-thirds (67 percent) of middle market executives have a fair to poor outlook for the U.S. economy in the next 12 months. Only 16 percent of those surveyed are more...
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December 14, 2012, 07:00 AM
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According to the research study “Taking Stock in Tough Times: U.S. Retail Sector Outlook,” produced by CIT Group with Forbes Insights, more than a third (37%) of middle market retail executives believe their holiday sales will increase over 2011...
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November 15, 2012, 07:00 AM
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The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid...
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November 09, 2012, 07:00 AM
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Republic Business Credit announced the launch of Republic1. For businesses with needs beyond Receivables Finance, Republic1 provides additional funding for Inventory and also Machinery and Equipment. “Many businesses are looking to finance not only...
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October 19, 2012, 06:55 AM
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U.S. chief financial officers (CFOs) of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital...
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September 28, 2012, 07:00 AM
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Babson Capital Management LLC (Babson Capital), a global investment manager with $149 billion in assets under management and operations on four continents, today announced it has formed a new Chicago-based Middle Market Lending Group to provide...
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July 31, 2012, 06:41 AM
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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...
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May 30, 2012, 06:35 AM
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Approximately $1.4 trillion of commercial mortgage-backed security (CMBS) transactions are coming due over the next three years, creating an excellent climate for real estate financing. Since many lenders are saddled with large portfolios and a...
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May 30, 2012, 06:30 AM
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Canadian chief financial officers of middle-market companies are positive about the current state of their own industry as well as the domestic economy, according to the first Canadian Mid-Market CFO Survey by GE Capital, Canada. Moreover, 40% of...
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May 08, 2012, 07:30 AM
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U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market...
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April 16, 2012, 07:30 AM
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Reuters reported that executives of mid-sized U.S. businesses are more optimistic about the national economy than they were a year ago, and many now expect to need financing for investment, according to a survey by JPMorgan Chase & Co. JPMorgan...
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April 09, 2012, 08:00 AM
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In his annual letter to shareowners, Jeff Immelt, Chief Executive Office of GE said, “GE Capital has strengthened its balance sheet immensely,” adding, “Our Capital team has executed on every commitment it made during the financial crisis. We have...
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March 12, 2012, 07:30 AM
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Nations Equipment Finance ("Nations") announced today that it has opened offices in Chicago, Cleveland and Tampa. These new offices are in addition to existing offices in New York, Dallas and their headquarters in Norwalk, CT.
"We are experiencing...
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March 08, 2012, 08:15 AM
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According to results from the winter 2012 McGladrey Manufacturing and Distribution Monitor - a survey of middle-market manufacturing and distribution executives, which provides a unique look into the state of manufacturing on "Main Street" – the...
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March 07, 2012, 08:00 AM
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An article in the March edition of the ABI Journal concludes that the continued decline of middle-market businesses bankruptcies is no longer a trend, but instead a permanent shift to the way insolvency situations are managed in the current and...
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March 06, 2012, 07:30 AM
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KeyBank has surpassed its goal to provide $3 billion in loans to women-owned businesses by April, 2012 – three months ahead of its target. Key's achievement included loans to businesses of all sizes. Since 2005, Key has lent more than $6 billion to...
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March 06, 2012, 06:00 AM
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With the equipment financing industry forecasted to grow 9% through 2012, now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook,"...
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February 28, 2012, 08:00 AM
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