This year’s Monitor highlighted 50 notable women in the equipment finance industry who were nominated by readers and hand-selected by the Monitor’s editorial board and staff. One of the Verdant Commercial Capital team was included on this prestigious list.
Kelly Wald
Assistant Vice President, Relationship Manager
Verdant Commercial Capital
“It’s important to work towards your goals while being thankful for what you have. Ambition drives progress but gratitude keeps you centered. It’s important to pause and appreciate the journey."
Verdant Commercial Capital has expanded its focus in the office technology space by adding 12 team members to its sales, operations and credit teams and opening its sixth office in Jacksonville, Florida.
Fred Carollo, Vice President, leads a veteran sales team that includes Dan Hink, Tony Luparello, Duncan MacLean, Greg Shannon, and Dan Spatuzzi. These Relationship Managers are joined by six additional newcomers to the Verdant operations and credit teams. All of these team members most recently worked at Macquarie Equipment Capital.
Each year, the Monitor highlights 40 up and coming leaders under the age of 40 in their Monitor NextGen issue. One of this year's equipment finance rising stars is one of the Verdant Commercial Capital team.
Ryan Brucker
Vice President, Relationship Manager
Verdant Commercial Capital
“The equipment finance industry offers younger generations a work-life balance while still letting them achieve their biggest goals.”
Growth, employee satisfaction spell three-time Top Workplace and Fast 55 finalist distinctions
Verdant Commercial Capital, one of the 10 largest independent equipment finance companies in the United States, has been recognized for its rapid growth and employee satisfaction by being included a third time on two different workplace award lists.
Verdant Commercial Capital, LLC, one of the nation’s top 10 largest and fastest-growing independent equipment finance companies, announces the closing of its latest 144a term securitization. “VERD 2024-1” issued notes totaling $307,667,000 that are backed by a diverse portfolio of high-quality equipment leases and loans collateralized by equipment primarily related to vocational vehicles, construction, golf course management, material handling and other industrial equipment with an average original equipment cost of approximately $150,000.
The five classes of notes issued were rated by both Moody’s and Kroll Bond Rating Agency, with $272.5 million of the notes rated P-1/K-1+ and Aaa/AAA by the respective rating agencies. Demand was strong for the VERD 2024-1 issued notes as evidenced by orders from 37 unique investors, of which 25 were new investors, and was almost seven times oversubscription.
This year, Monitor’s Top 30 Private Independents reported a 14.9% year-over-year growth in new business volume – just half of last year’s 30.8% year-over-year growth, which was the second-highest reported in the ranking’s history. Despite the dramatic drop in year-over-year originations, Monitor’s Top 30 Private Independents achieved much more than the 0.53% growth they forecasted for 2023, and they seem far more optimistic about the year ahead.
Verdant Commercial Capital has grown its Industrial vertical with three experienced additions. These new team members will deepen the company’s expertise while providing Verdant’s Industrial partners with equipment financing options.
The three newcomers to Verdant’s Industrial Team are Tom O’Hear, Andrew Baccaro and Ryan van de Boogaard.
Verdant Commercial Capital recently completed the funding of the last of a portfolio of solar projects which were launched by EDPR NA Distributed Generation (EDPR NA DG) in a series of sale-leaseback transactions for distributed generation solar projects in the United States.
The Monitor’s fifth annual women in equipment finance list highlights notable women within the industry. One of the Verdant Commercial Capital team was included on this prestigious list of 50 women.
Shelly Cain
Senior Vice President, Credit - CPA (retired)
Verdant Commercial Capital
“Women in our industry aspire to deeply impact their careers, lives and families. Those prospects can be overwhelming. My advice is to start small. Break down your goals into digestible pieces while accumulating experience, skills and knowledge. With time and growth, you’ll affect change in major ways.”
Verdant Commercial Capital has expanded its team with five newcomers who will augment the company’s agility, expertise and growth through innovative solutions for business-critical equipment needs.
Verdant has expanded its Industrial vertical with three additions to its Automotive Repair Equipment financing team: