Cincinnati, OH - Verdant Commercial Capital announced today that the company has surpassed its first $1 billion in equipment financing originations. This milestone means that Verdant has helped its equipment vendor business partners finance more than $1 billion in equipment for their customers.
In July 2017, founders Mike Rooney, Chris Kelley and John Merritt started Verdant Commercial Capital. Four years later, the company has grown to more than 60 employees with offices around the country. In 2020, Verdant was the sixth largest independent equipment finance company in the US, and 67th in the Monitor 100 for new business volume.*
Mike discusses his career and the role others have played during his career. “Seeing others’ success that you had a very small part of is really the most gratifying thing.”
Cincinnati, OH — Verdant Commercial Capital, LLC executed a multi-year Vendor Program Agreement with Climb Channel Solutions.
This partnership combines customized long-term finance options with the latest in emerging and disruptive technologies that Climb Channel Solutions is known for. The program agreement will allow VARs, MSPs, and their customers to access the software and hardware solutions they need via a payment structure that fits their budget.
Cincinnati, OH - Verdant Commercial Capital, LLC has hired Jennifer Karpinecz as a Vice President, Relationship Manager. She will work with industrial and construction companies in the Eastern United States. With 17 years’ experience in equipment finance, Karpinecz brings a wealth of experience to Verdant.
“As Verdant continues to grow our Industrial vertical, it is important to add top talent like Jennifer Karpinecz,” said Josh Snider, Vice President. “Jennifer understands our industry and adds immediate value to our vendors, dealers and customers.”
Verdant was included in this list in the most recent issue of the Monitor, and was ranked at number 19.
Ric Rivett (left) and Jeff Glikman (right) founded Intech Funding Corporation in 1995. The duo attended many industry events together, including this American Machine Tool Distributors meeting in 2002.
Cincinnati, OH - Verdant Commercial Capital announces the retirement of Jeff Glikman, founder and president of Intech Funding Corporation, effective June 30, 2021. Intech, a finance company focused on the machine tool industry, was started by Glickman and Ric Rivett in 1995. Intech is located in Monrovia, California.
“I worked my way through college for a used machinery dealer that had a full rebuilding facility. That was over 40 years ago, and at the time I had no idea how valuable that shop experience would be for my future career,” Glikman recalled. “Before starting Intech, I had the good fortune of working for 20 years for Machinery Sales Company, a large machine tool distributor based on the West Coast. Working on the shop floor in the machine tool business gave me perspective in how to best serve customers in need of equipment financing.”
Cincinnati, OH - Verdant Commercial Capital was named as a 2021 Fast 55 honoree by the Cincinnati Business Courier. With a 230% revenue growth over the past three years, the Courier ranked Verdant as the 13th fastest growing company in Cincinnati. Verdant ranks sixth nationally among the largest independent equipment finance companies, and is forecasting growth of more than 30% for 2021. Verdant has 59 employees, including 22 in its Cincinnati headquarters. It also has offices in Dallas, Los Angeles and Minneapolis.
Verdant Commercial Capital has experienced a tremendous first three years, even more so considering year No. 3 included the pandemic. The company has grown to nearly 60 employees and topped $300 million in originations. The vendor finance company’s leaders aim for 30+ percent growth this year and expect to reach “significantly north of $400 million.” Equipment Finance Advisor talked with CEO Mike Rooney and Chief Commercial Officer Brian Lowe to learn about their strategy, their focuses and why they are so bullish on 2021.
Verdant was included in this list in the March/April 202 edition of the Monitor Magazine.
Although Monitor’s Top Private Independents faced many challenges in 2020, the group managed collective volume growth of 9.1% amid the COVID-19 pandemic.
Cincinnati, OH - Verdant Commercial Capital, LLC has hired Barry Hart and Ben Klang in the Specialty Vehicle vertical with an emphasis on equipment utilized in the solid and liquid waste segment. Hart and Klang each join Verdant as a Relationship Manager and Vice President, and they will work with OEMs, distributors, resellers, and end users to help Verdant partners sell more through financing. With a combined 36 years of experience in the industry, they bring a wealth of industry expertise to Verdant.