Encina Business Credit, LLC (EBC) announced today that it has promoted Tron Allen to Chief Commercial Officer.
Mr. Allen most recently served as EBC’s Executive Managing Director and Central Region Leader. He joined the company in connection with its March 2016 launch as a Senior Managing Director focused on business development efforts in the Southwest Region. Prior thereto, Mr. Allen provided strategic advice to clients on capital structure alternatives as an investment banker at both BKD Corporate Finance and Deloitte Corporate Finance. He also previously held a variety of business development and operating roles at GE Capital and JP Morgan Chase.
In connection with Mr. Allen’s promotion, EBC also announced that Rob McMahon – who has served as the company’s Interim Chief Commercial Officer since January 2018 – will return full-time on July 1st to his previous role as Chief Operating Officer at Encina Capital Partners, LLC.
“Tron has been a significant contributor to our company’s success in the five years since launch,” commented Marty Battaglia, EBC’s Chief Executive Officer. “He has represented us extremely well in the marketplace as a senior business development officer and has proven over the past year that he’s a gifted manager and leader, so this promotion represents a logical next step in Tron’s career progression.”
Battaglia added, “I’m also grateful for the very meaningful contributions that Rob McMahon has made over the past three years as our Interim Chief Commercial Officer. Rob has helped me to hire a top-notch direct sales force and implement the appropriate technology tools and processes to maximize the productivity of our business development efforts. This is an opportune time for Rob to hand over the reins so that Tron can help drive EBC’s next stage of growth through his direct experience and leadership of our sales and marketing organization.”
About Encina Business Credit
Launched in 2016, EBC is one of the country’ leading independent asset-based lending platforms providing financing to middle-market borrowers in the U.S. and Canada. The firm offers revolving lines of credit and term loans ranging in size from $10 – $125 million that are secured by accounts receivable, inventory, machinery & equipment and real estate. 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.