Stonebriar Commercial Finance (“Stonebriar”), a leading provider of asset-based private credit solutions with $7.3 billion in assets under management, has announced the appointment of Nicholas Sandler as its new CEO. Sandler, who has served as the company’s president since June 2021 and is a co-founder, succeeds fellow co-founder Dave B. Fate, who is stepping down after more than nine years of outstanding leadership. Fate will continue as a senior advisor and vice chairman until 2025.
Tony Minella, president of Eldridge Industries, the majority shareholder of Stonebriar, expressed his gratitude to Dave B. Fate for his dedication and extraordinary service to the company: “I met Dave over a decade ago, and our partnership has been remarkable. He has helped make Stonebriar the market leader it is today. Together, we have created significant value and prepared the next generation of our organization to capitalize on future growth. We are deeply thankful and proud of his contributions,” said Minella.
Todd Boehly, CEO of Eldridge Industries, conveyed his confidence in Nicholas Sandler’s ability to lead Stonebriar into the future: “I have had the privilege of working closely with Nick for two decades, and I have complete trust in his leadership. Nick has extensive industry expertise and has significantly contributed to Stonebriar’s success thus far. He has earned the trust of our team, clients, and partners. I look forward to seeing how his determination and leadership will steer Stonebriar in the years to come.”
Dave B. Fate also reflected on his experience with the company: “Leading Stonebriar for the past nine years has been an incredible journey, and I am immensely proud of what we have built. I am confident that Nick, who has been deeply involved in the company since its inception, is the right person to guide Stonebriar into the next chapter of its story. I look forward to seeing all that he and the team will accomplish.”
About Stonebriar Commercial Finance:
Stonebriar, a subsidiary of Eldridge Industries, offers customized financing solutions, including leases, secured term loans, and other structured finance solutions to a diverse range of industries, including manufacturing, marine, aviation, rail, energy, and real estate across North America and select international jurisdictions. To learn more about Stonebriar, visit www.StonebriarCF.com.
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