Bibby Financial Services Closes 307 Transactions Totaling More than $104 Million in 2015

ATLANTA – Jan. 11, 2016 – Successful expansion

Highlights include: 

  • $7 million to a packaging manufacturer based in the Midwest to repay an existing lender and fund operational needs of the business
  • $6.5 million to a Canadian skilled IT staffing firm to repay an existing line of credit and cover the cost of daily operations
  • $6.5 million to an apparel distributor in Miami to pay down supplier obligations and support working capital needs
  • $6 million to an Atlanta IT staffing and consulting firm to facilitate the company’s growth without the restricting limitations of financial covenants
  • $4 million to a New York manufacturer of personal care devices to enable a strategic turnaround and growth plan
  • $3 million to a manufacturer/distributor of industrial packaging goods based in the southern United States to be used for working capital
  • $2.5 million to an Ontario-based manufacturer to support company growth and maximize shareholder dividends
  • $2 million to a candy and snack distributor in New Jersey to be utilized for working capital
  • $2 million to a manufacturer/distributor of industrial packaging goods based in the southern U.S. to be used for working capital

“2015 was a year of solid growth for Bibby Financial Services,” says Leigh Lones, chief executive officer of Bibby Financial Services, Americas. “With the recent addition of a number of key staff members, we are confident that we are poised for continued growth in 2016 and look forward to serving new and established customers with the same level of service we have always strived to achieve.”

About Bibby Financial Services

Bibby Financial Services is a leading independent financial services partner to more than 10,250 businesses worldwide providing more than $11.6 billion in funding globally. With over 44 operations in 13 countries spanning Europe, North America and Asia, we provide asset-based lending and factoring solutions to help businesses grow in domestic and international markets. Established in 2001, Bibby Financial Services North America has seven offices in the U.S. and Canada that support businesses in virtually any industry. We hold memberships in the Commercial Finance Association, the International Factoring Association, and the American Finance Association.  Bibby Financial Services is part of Bibby Line Group (BLG), a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions.  To find out more about Bibby USA and Bibby Canada, please visit www.bibbyusa.com or www.bibbycanada.ca.

Posted by on 11 January 2016.