DALLAS - Monday, 30. September 2024 AETOSWire
(BUSINESS
WIRE)--Stonebriar Commercial Finance (“Stonebriar”), a leading provider
of asset-based private credit solutions with $7.3 billion of owned and
serviced assets, announces that Nicholas Sandler has assumed the role of
Chief Executive Officer. Sandler, who has served as Stonebriar’s
President since June 2021 and co-founded the business, succeeds fellow
co-founder Dave B. Fate, who is stepping down after more than 9 years of
distinguished leadership. Fate will remain as Senior Advisor and Vice
Chairman of Stonebriar through 2025.
Tony Minella, President of
Eldridge Industries, Stonebriar’s controlling shareholder, expressed his
gratitude to Fate for his extraordinary service and dedication to the
company. "I met Dave over ten years ago. Our partnership has been
fantastic. He has been instrumental in growing Stonebriar into the
market leader it is today. Together, we’ve built significant value and
have prepared the next generation of our organization to capitalize on
future growth. We are deeply appreciative and proud of his
contributions," said Minella.
Todd Boehly, Chairman and CEO of
Eldridge Industries, voiced his trust in Sandler’s ability to lead
Stonebriar into the future: "I’ve had the privilege of working closely
with Nick for two decades and I couldn’t be more confident in his
leadership. Nick has deep industry expertise making significant
contributions to Stonebriar’s success to date and has earned the trust
of our team, our clients, and our partners. I am excited to see how his
determination and leadership will drive Stonebriar in the years ahead."
Fate
also reflected on his time at the company: “Leading Stonebriar over the
past nine years has been an incredible journey, and I’m immensely proud
of what we’ve built. I am confident that Nick, as someone who has been
deeply involved in the company from its inception, is the right person
to guide Stonebriar into its next chapter. I look forward to seeing all
that he and the team will accomplish.”
About Stonebriar Commercial Finance:
Stonebriar,
an Eldridge Industries business, offers customized financing, including
leases, secured term loans, and other structured finance solutions
across a diverse set of industries, including manufacturing, marine,
aviation, rail, energy, and real estate in North America and select
foreign jurisdictions.
To learn more about Stonebriar, please visit www.StonebriarCF.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930615246/en/
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Nadia Damouni
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