CNH Finance, L.P. Announces Acquisition of Triumph Healthcare Finance
GREENWICH, Conn., March 19, 2018 /PRNewswire/ -- CNH Finance, L.P., a specialty finance company headquartered in Greenwich, Connecticut, today announced the expansion of its national commercial healthcare lending capabilities with the acquisition of Triumph Healthcare Finance, a division of TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc. (NASDAQ: TBK), headquartered in Portland, Oregon.
CNH Finance, L.P., specializes in middle-market and lower-middle-market asset-based lending, providing clients with working capital up to $20 million to better position them for future growth. The healthcare team of Triumph Healthcare Finance includes Jennifer Sheasgreen, who previously served as President of Triumph Healthcare Finance and will be named Managing Director and Head of Healthcare Finance for CNH Finance, L.P. and Edward Kauffman, who previously served as SVP, National Sales Manager and will now hold the same title for CNH Finance, L.P. The healthcare team will join the CNH Finance, L.P. team, combining efforts to expand healthcare lending across the nation.
"We are very excited to welcome Triumph Healthcare Finance and their clients to CNH, and look forward to the expertise that Jennifer and Edward will bring to the team," said Tim Peters, Principal of CNH Finance, L.P. "In the increasingly complex environment of healthcare financing, we are confident that this acquisition will expand our capabilities and position CNH Finance, L.P. as the 'go to' healthcare lender in the country."
"We look forward to joining CNH Finance, L.P. and working alongside such an experienced team, allowing us to bring a strong and tailored working capital solution to our clients," said Jennifer Sheasgreen, President of Triumph Healthcare Finance.
Upon completion of the acquisition, Triumph Healthcare Finance will be integrated into CNH Finance, L.P., but will continue to be based out of Portland, Oregon.
ABOUT CNH FINANCE, L.P.
CNH Finance, L.P. offers asset-based funding solutions, structured around the needs of businesses that are looking to position themselves for periods of growth to help succeed. Specializing in middle-market and lower-middle-market asset-based lending, the company provides clients with working capital up to $20 million. We serve companies in a variety of industries, from healthcare to retail and business services to food and beverages. Founded in 2015, the firm has 22 employees and is based in Greenwich, CT.
ABOUT TBK BANK, SSB
TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc. (Nasdaq:TBK), is a Texas-state savings bank headquartered in Dallas, Texas. TBK Bank offers consumer and commercial banking products from 18 branches throughout Eastern Iowa and Illinois and 32 branches throughout Colorado and Western Kansas. TBK Bank also offers deposit products through its Dallas branch. TBK Bank's lending capabilities include commercial and industrial, agribusiness, consumer, commercial real estate, mortgage warehouse lending and other general business lending. TBK Bank also serves a national client base through its commercial finance offering, which includes factoring, equipment lending, asset based lending, commercial insurance and premium finance solutions for independent insurance agents.
SOURCE CNH Finance, L.P.
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