“These additions underscore our continued commitment to providing a singular point of contact for complex asset dispositions and liquidity enhancements for companies undergoing structural changes."
New York, NY and Los Angeles, CA (PRWEB) March 02, 2016
Reich Brothers Holdings, LLC, a purchaser of turnkey manufacturing facilities, specialty finance lender, and demolition services provider, has named Kyle Sligar president of Reich Brothers Business Solutions, LLC and hired new capital asset specialist, Don Tyson, effective immediately.
“These additions underscore our continued commitment to providing a singular point of contact for complex asset dispositions and liquidity enhancements for companies undergoing structural changes,” said Adam Reich, Co-CEO of Reich Brothers Holdings, LLC.
In his role as president of Reich Brothers Business Solutions, LLC, Sligar will oversee the specialty finance arm of Reich Brothers Holdings, LLC inclusive of heavy equipment lending and debtor-in-possession financing. He will be based out of the company’s New York headquarters.
Prior to joining Reich Brothers Business Solutions, LLC, Sligar was head of credit and portfolio risk management for Middle Market Finance and co-head of Credit for Asset Backed Finance with Citigroup Global Markets, Inc. in New York.
Previously, Sligar held credit risk management and underwriting roles within GE Commercial Equipment Financing and was the capital markets/securitization leader for GE Corporate Aircraft Finance. At GE, he won the GE Capital Finance Achievement Award for the development of the company’s first term securitization platforms for mid-ticket equipment loans and corporate aircraft loans. Prior to joining GE, Sligar held financial advisory/restructuring consulting roles with KPMG and PricewaterhouseCoopers.
“I am excited to join Reich Brothers Holdings, an innovative and well-respected industry leader known throughout North America,” Sligar said. “I look forward to building on the company’s ability to find and implement quick and creative solutions to the financial challenges faced by our clients.”
Tyson joins the Reich Brothers Holdings LLC’s asset acquisitions division, Reich Brothers, LLC, as a capital equipment specialist. In this role, he is responsible for the equipment valuation and project estimation. Tyson will open the company’s second West Coast office in northern California.
“Reich Brothers Holdings’ collective experience and expertise ensures that our clients are in the most capable hands across all our divisions – no matter the challenge,” Tyson said. “I am thrilled to be a member of this impressive team.”
Tyson brings more than 30 years of experience appraising various types of industrial machinery and equipment to Reich Brothers, LLC. He spent a majority of his career with Rabin Worldwide as senior vice president of appraisals and auctioneer. As one of the firm’s lead auctioneers, Tyson was involved with the auction process for all domestic transactions.
“We are excited to start the New Year off with such great additions to our team,” said Jonathan Reich, Co-CEO of Reich Brothers Holdings, LLC. “Kyle and Don will be assets to the continued growth of our company.”
About Reich Brothers Holdings, LLC
Reich Brothers Holdings, LLC is a specialized provider of capital asset solutions. The company includes an acquisition division, Reich Brothers, LLC, which acquires turnkey manufacturing plants and provides for the bulk purchase of equipment packages and monetization through the auction sale process; a lending division, Reich Brothers Business Solutions, LLC, which provides term loans and sale-leasebacks customized to meet unique financial situations; and a decommissioning division, Reich Brothers Decommissioning, LLC. Reich Brothers Holdings, LLC is partnered with Victory Park Capital, a privately held registered investment advisor dedicated to alternative investing in middle market companies across a diversified range of industries. For more information, visit http://www.reichbros.com.