Stonebriar Commercial Finance (“SCF”) announced today the formation of its new Sponsor Finance platform. SCF Sponsor Finance will be led by highly regarded industry veteran, Michael Gay, as Executive Vice President and Senior Managing Director. Mike will report to SCF’s President and C.E.O., Dave B. Fate.

Since inception, SCF has focused on developing strategic relationships within the private equity community, providing asset-based finance solutions to sponsors and their portfolio companies. Of the approximate $3 billion of large-ticket leases and loans funded by SCF to date, sponsor related deals represent over one third ($1+ billion). “Sponsors have been a valuable source of new business for SCF and we expect continued robust growth from this strategically important segment of the market” said Dave Fate.

Fate went on to say that “We have been searching for the right individual to take SCF’s momentum with private equity sponsors to the next level. It is rare to find a seasoned leader like Mike Gay with the knowledge and experience to successfully lead this effort. We are thrilled to have Mike join the SCF team and drive this initiative to better serve our sponsor-related customers going forward.”

“I’m tremendously excited to join Stonebriar and look forward to working directly with P.E. sponsors and their portfolio companies across a wide array of industries”, said Mr. Gay. He further stated that “SCF’s unmatched funding capacity and proven ability to deliver large-scale, sophisticated solutions to non-investment grade companies will enable the platform to build upon Stonebriar’s momentum in the Sponsor segment and continue to address the unique needs of private equity-owned companies throughout the US and select foreign jurisdictions. I am excited to become a part of the SCF leadership team and look forward to delivering differentiated solutions to P.E. sponsors and their portfolio companies.”

Prior to joining SCF, Mr. Gay launched NXT Capital’s Equipment Finance unit which focused on large-ticket equipment financings to both sponsor and non-sponsor backed, non-investment grade corporations. He’s also held various leadership roles at GE Capital and Banc of America Leasing.

For more information contact:

Michael Gay
Phone: 415-518-1312

Email: Michael.Gay@StonebriarCF.com

About Stonebriar Commercial Finance
Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance. To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com

About Eldridge Industries
Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.Eldridge.com