Fast-Growing ABL Platform Also Promotes Tron Allen to Oversee and
Continue Buildout of Central Region
Chicago, IL – January 16, 2019 – Encina Business Credit, LLC (EBC) announced today that it has made
several key personnel moves aimed at accelerating the already significant growth that the company
experienced in 2018.
Industry veteran Matt Grimes has joined EBC as Senior Managing Director, West Region Leader with the
objective of scaling the company’s business development efforts west of Texas. Mr. Grimes will be based
in Los Angeles and will report to Rob McMahon, EBC’s Chief Commercial Officer.
Dave Braff has joined EBC as Managing Director and will lead the company’s business development
efforts primarily in Northern California. Based in San Francisco, Mr. Braff will report to Mr. Grimes.
One of Mr. Grimes’ initial priorities is to hire a senior business development executive in Los Angeles with
responsibility for Southern California.
In addition, the company has promoted Tron Allen to Senior Managing Director, Central Region Leader.
Mr. Allen will remain in Houston and report to Mr. McMahon. In his new role, Mr. Allen will oversee and
contribute to the success of the company’s existing business development executives in Chicago, Detroit
and Tulsa. He will also be responsible for continuing to build out the Central Region and expects to add
to his team later this quarter a senior business development executive located in either Dallas or Houston.
Mr. Grimes brings to EBC more than 25 years of experience in both asset-based and enterprise value
lending. Before joining the company, Mr. Grimes served as the West Region Manager for Ares
Commercial Finance. Prior thereto, Mr. Grimes held senior business development roles at First Capital,
GoldenTree Asset Management, Tennenbaum Capital Partners and Congress Financial. He also spent a
couple years as a restructuring advisor at CRG Partners.
Mr. Braff has approximately 25 years of relevant experience working at both bank and non-bank ABL
platforms. Most recently, he served as Principal, Business Development at Ares Commercial Finance.
Prior thereto, Mr. Braff held business development roles at First Capital, Sovereign Bank, GE Capital and
Union Bank, among other institutions.
Mr. Allen joined EBC in connection with the company’s launch in March 2016 as Senior Managing
Director. He has 25+ years of experience in lending (both asset-based and enterprise value) and
investment banking. Before EBC, Mr. Allen provided strategic advice to clients on capital structure
alternatives as an investment banker at both BKD Corporate Finance and Deloitte Corporate Finance.
Prior thereto, he held a variety of business development and operating roles at GE Capital and JP Morgan
Launched in March 2016, EBC is an independent asset-based lending platform targeting middle-market
borrowers in the U.S. and Canada. The firm provides revolving lines of credit and term loans ranging in
size from $10 – $100 million and secured by accounts receivable, inventory, machinery & equipment and
real estate. The platform lends to both privately-owned (sponsor and non-sponsor) and publicly-traded
companies across a wide range of industries, including manufacturing, retail, automotive, oil & gas,
services, distribution and consumer products. Borrowers use loan proceeds to fund working capital,
acquisitions, refinancings, growth, restructurings/turnarounds, debtor-in-possession (DIP)/exit financings
and other special situations. Positive cash flow is not a requirement.