Verdant Commercial Capital has hired James Friedrichs as a Vice President in its Specialty Vehicle division, with an emphasis in the over the road trucking. With three decades of industry experience, Friedrichs will work with distributors and end users to provide a best-in-class financing experience. Friedrichs will be located in Verdant’s Minnesota office.
“As Verdant continues to grow the specialty vehicles vertical, we are excited to complement our team with the experience and relationships that James brings to us,” said Pete Thorp, Verdant Special Vehicle Vice President. “The specialty vehicle vertical is a significant part of the overall growth strategy for Verdant, and we’re looking forward to expanding into this market.”
Verdant Commercial Capital announced that it is moving its headquarters to a new location in Cincinnati. Due to its growth and the number of new employees the company has added over the past four years, Verdant needed to expand its main location.
Beginning December 1, Verdant’s new location will be:
Verdant Commercial Capital, LLC
9987 Carver Road
Suite 110
Cincinnati, OH 45242
Cincinnati, OH - Verdant Commercial Capital announced that it recently expanded its funding capacity through the addition of a $200 million second facility with Wells Fargo Bank, N.A. (“Wells Fargo”).
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.