CHICAGO , Feb. 10, 2025 -- Aequum achieved several significant milestones in 2024, underscoring its position as a leading lender in the $5-$50 million non-bank asset-based lending market. The firm closed $152 million in new loan commitments, further solidifying its reputation as a preferred partner in this unique and complex space. Meeting the demands of such a market requires deep subject matter expertise, structuring creativity, and the agility to close quickly and with certainty. Aequum's success is attributed to the dedication of its core executive team, who are often directly involved in client interactions, as well as key hires made throughout the year.
As part of this growth, Aequum strengthened its relationships with key referral sources, positioning itself as the "first call" for traditional banks, turnaround consultants, lawyers, and financial sponsors. This year, the company also completed multiple repeat transactions from the same referral sources, further deepening its trusted partnerships.
Key Deal Highlights:
- $15 million revolving line of credit to the preeminent distributor of pet products in the United States
- $30 million commitment to a leading print, marketing, and logistics service provider
- $7.1 million credit facility to a leading heavy-duty commercial vehicle towing company
- $45 million credit facility for Midwest based manufacturing and distribution company
- $9.1 million commitment for a leading metal stamping company
Portfolio Client Success Stories:
Aequum's dedication to helping clients succeed has been a driving force behind its strong, long-term relationships. In 2024, the company saw a surge in repeat client requests for financing, as other lenders were unable to meet the unique needs or deliver on the terms that Aequum consistently provides.
One notable expansion was with Pilot Wave Holdings, a private equity sponsor. Aequum increased its ABL facility from $6 million to $15 million, enabling greater borrowing capacity and supporting the portfolio company's growth.
Arik Oganesian, Head of E-Commerce at Pilot Wave Holdings, shared:
"We are excited to expand our credit facility with Aequum. Aequum's continued support of the Pilot Wave team will allow us to further our acquisition strategy and accelerate growth."
Team Expansion and Recognition:
2024 saw the expansion of credit and portfolio management team with the addition of James Farrell as Executive Director, bringing over 35 years of experience in senior secured asset-based lending, turnaround management, and business development. His strategic insights will continue to guide the firm's growth.
Other key hires included:
Mike Wolf, former Vice President at 5/3 Bank, who joined the business development team.
Irene Zbarsky, former Corporate Controller at White Oak, who was hired as Aequum's Corporate Controller.
Mike Morandell, former Director of Credit at Pathward, who joined the credit team as Director of Credit.
Aequum is proud of its talented employees and their hard work, which has contributed to the firm's success.
Other Highlights:
2024 marked the year we leased our headquarter office space in the Chicago Mercantile Exchange (CME) building. This move solidified our commitment to growth in the heart of Chicago's financial district.
Additionally, we upsized our warehouse line of credit to $140 million with Texas Capital Bank and Wells Fargo and welcomed two new banks, Bank OZK and M&T Bank, to our warehouse facility. With this upsize and our equity commitment from Castlelake, LP, Aequum has raised enough capital for significant portfolio growth in 2025 and beyond.
Looking Ahead to 2025:
Aequum's remarkable growth in 2024 has set the stage for even greater achievements in 2025. With a talented team and strong investor backing, the firm is poised to expand its lending capabilities and take on new opportunities.
As you finalize your strategic plans for 2025, don't hesitate to contact Aequum to explore your financing options.
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