Nicholas Sandler Takes the Helm at Stonebriar Commercial Finance
Nicholas Sandler Takes Leading Role at Stonebriar Commercial Finance
Stonebriar Commercial Finance, a prominent provider of asset-based private credit solutions managing an impressive $7.3 billion in owned and serviced assets, has announced a significant leadership transition. Nicholas Sandler has stepped in as the new Chief Executive Officer of Stonebriar. Previously, Sandler held the position of President since June 2021 and has been an integral part of the company since its inception. He takes over from the company’s co-founder, Dave B. Fate, who has decided to step down after nearly a decade of exemplary service, but will continue to support the company as a Senior Advisor and Vice Chairman until 2025.
Celebrating Leadership Transitions
In light of the change in leadership, Tony Minella, President of Eldridge Industries, which controls Stonebriar, took the opportunity to express his profound gratitude towards Fate for his unwavering commitment and exceptional service. He stated, "I met Dave over ten years ago. Our partnership has been fantastic. He has been instrumental in growing Stonebriar into the market leader it is today. Together, we’ve built significant value and have prepared the next generation of our organization to capitalize on future growth. We are deeply appreciative and proud of his contributions." This acknowledgment underscores the significant role that Fate has played in shaping Stonebriar's success.
Sandler’s Vision for the Future
Todd Boehly, the Chairman and CEO of Eldridge Industries, also expressed his confidence in Sandler’s capabilities to guide the company forward. He remarked, "I’ve had the privilege of working closely with Nick for two decades and I couldn’t be more confident in his leadership. Nick has deep industry expertise making significant contributions to Stonebriar’s success to date and has earned the trust of our team, our clients, and our partners. I am excited to see how his determination and leadership will drive Stonebriar in the years ahead.” His sentiments speak to the high expectations that accompany Sandler's appointment.
Reflections from the Departing CEO
As Fate prepares to transition out of his executive role, he took a moment to reflect on his rewarding experience at Stonebriar. He shared, “Leading Stonebriar over the past nine years has been an incredible journey, and I’m immensely proud of what we’ve built. I am confident that Nick, as someone who has been deeply involved in the company from its inception, is the right person to guide Stonebriar into its next chapter. I look forward to seeing all that he and the team will accomplish.” His reflections highlight the achievements of the company under his stewardship.
About Stonebriar Commercial Finance
Stonebriar, part of Eldridge Industries, specializes in offering tailored financing solutions, such as leases, secured term loans, and various structured finance options. Their expertise spans multiple industries, including manufacturing, marine, aviation, rail, energy, and real estate throughout North America and select international markets. This diverse portfolio reflects the company's commitment to meeting the unique needs of its clients.
Frequently Asked Questions
Who is the new CEO of Stonebriar Commercial Finance?
Nicholas Sandler has recently been appointed as the CEO of Stonebriar Commercial Finance.
What position did Nicholas Sandler hold before becoming CEO?
Before taking on the role of CEO, Nicholas Sandler served as the President of Stonebriar since June 2021.
Who did Nicholas Sandler succeed as CEO?
Sandler succeeded co-founder Dave B. Fate, who has stepped down after over nine years in the role.
What will Dave B. Fate do after stepping down?
After stepping down as CEO, Dave B. Fate will remain with Stonebriar as a Senior Advisor and Vice Chairman through 2025.
What industries does Stonebriar Commercial Finance serve?
Stonebriar provides financing solutions across various sectors, including manufacturing, marine, aviation, rail, energy, and real estate.
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