Contact Us Today! (215) 853-2266

Bardissi Enterprises Blog

Bardissi Enterprises has been serving the Hatfield area since 2000, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

TYGRIS COMMERCIAL FINANCE GROUP, INC. COMPLETES ACQUISITION OF

Tygris’ Small Ticket Leasing Operations to be Led by US Express Leasing, Inc.

James D. McGrane Named President of Small Ticket Leasing

New York, May 29, 2008 –

Monitor

magazine, a leading industry publication. USXL will play a key role in Tygris’ mandate of providing

liquidity and growth capital to middle market companies throughout North America.

“We welcome Jim McGrane and the entire USXL team to Tygris. USXL provides the foundation upon

which Tygris will develop a leading franchise position in small ticket equipment finance and leasing,”

said Frederick E. “Rick” Wolfert, Chief Executive Officer of Tygris. “We are excited by the opportunity

to leverage USXL’s experienced management team, state-of-the-art technology, scalable operations and

reputation for superior customer service as we grow our small ticket leasing presence.”

“We are thrilled to join Rick and his highly respected team as part of this well-positioned new company

and its significant access to capital,” said Mr. McGrane. “Tygris’ ‘back to basics’ strategy of service and

transparency is perfectly aligned with the way we do business. This is a very positive development for our

Tygris’ Small Ticket Leasing Operations to be Led by US Express Leasing, Inc.

James D. McGrane Named President of Small Ticket Leasing

New York, May 29, 2008 –

Monitor

magazine, a leading industry publication. USXL will play a key role in Tygris’ mandate of providing

liquidity and growth capital to middle market companies throughout North America.

“We welcome Jim McGrane and the entire USXL team to Tygris. USXL provides the foundation upon

which Tygris will develop a leading franchise position in small ticket equipment finance and leasing,”

said Frederick E. “Rick” Wolfert, Chief Executive Officer of Tygris. “We are excited by the opportunity

to leverage USXL’s experienced management team, state-of-the-art technology, scalable operations and

reputation for superior customer service as we grow our small ticket leasing presence.”

“We are thrilled to join Rick and his highly respected team as part of this well-positioned new company

and its significant access to capital,” said Mr. McGrane. “Tygris’ ‘back to basics’ strategy of service and

transparency is perfectly aligned with the way we do business. This is a very positive development for our

customers and employees.”

DLJ Merchant Banking Partners (“DLJMB”) will join other prominent investors in Tygris including

Aquiline Capital Partners LLC, New Mountain Capital, L.L.C., TPG Capital, Diamond Castle Holdings,

LLC and Hamilton Lane. “Founded in 2004 by DLJMB and Management, USXL has built a strong

industry reputation due to its client-orientated approach to underwriting and risk management, which are

also core operating principles of Tygris,” said Kamil Salame, a Managing Partner at DLJMB. “As a longterm

shareholder, we are excited by the growth opportunities available to the USXL team as a part of

Tygris.”

About Tygris Commercial Finance Group, Inc.

Tygris is a commercial finance company that provides liquidity and growth capital to middle market

companies throughout North America. Tygris has three commercial finance businesses: middle market

corporate finance, middle market equipment leasing and asset finance, and small ticket leasing. Tygris

has offices in Chicago, Stamford, CT and Parsippany, NJ. For more information please visit

http://www.TygrisCFG.com

About US Express Leasing, Inc.

US Express Leasing, headquartered in Parsippany, NJ, is an equipment finance company originating

transactions through manufacturers, distributors and dealers in the commercial & industrial, graphic arts,

healthcare, office equipment and technology industries. For more information please visit

http://www.usxl.com.

About DLJ Merchant Banking Partners

DLJ Merchant Banking Partners (“DLJMB”) is a leading private equity investor that has a 22-year record

of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB,

with offices in New York, London and Los Angeles, is part of Credit Suisse’s Alternative Investments

business, one of the largest alternative asset managers in the world, with approximately $145 billion of

assets under management. Alternative Investments, which is part of the Asset Management business, is

comprised of a diverse family of funds, including private equity, leveraged buyouts, mezzanine, real

estate, secondary funds and fund of funds, as well as the businesses covering hedge funds (both direct and

fund of funds), leveraged loan and collateralized debt obligation investment programs, core real estate

funds, and quantitative investment and volatility management products.

Tygris Commercial Finance Group, Inc. (“Tygris”), a commercial finance

company, today announced the completion of the acquisition of US Express Leasing, Inc. (“USXL”), an

equipment finance company headquartered in Parsippany, NJ, from DLJ Merchant Banking Partners in an

all-stock transaction. James D. McGrane, Chief Executive Officer of USXL, joins Tygris’ management

team as President of Small Ticket Leasing. The company will continue to operate under the USXL brand.

USXL, one of the fastest-growing independent leasing companies in the U.S., provides innovative

financing solutions for equipment manufacturers, dealers and their customers nationwide. USXL brings to

Tygris significant underwriting and originations expertise in five segments: Commercial & Industrial,

Graphic Arts, Healthcare, Office Equipment, and Technology. Formed in 2004, the company ranks

among the 100 largest equipment finance and leasing companies in the U.S. according to

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, 12 November 2024
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Blog Archive

Recent Comments

Tip of the Week: Which Headphones are Right for Your Needs?
23 April 2018
I will recommend Plantronics Backbeat Pro 2 SE Noise cancelling Headset with it's Great features.
Gamification: Make Business Fun for Everyone
27 January 2017
The world is based on the games. There are many types of games as per the aussie essay writing servi...
Let's Talk Tablets
12 January 2017
The concept of tablet is far better than that of PC because you can bring them with you everywhere a...
Tip of the Week: Tweak Your Workday in These 4 Ways and See Major Results
12 January 2017
The only thing will I will say regarding this blog is that it is very helpful at least for me. As I ...
WatchGuard Releases Version 10.2.7 for WSM, Edge, Fireware, and Fireware Pro
23 December 2016
I really needed to know about the fireware but i was confused that where can i find information abou...