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In the Marketplace

BY ALM Staff
August 28, 2008

The Alta Group has announced that it will expand its merger and acquisition activities with the addition of Kropschot Financial Services, a noted merger and acquisition advisory firm based in Vero Beach, FL. Pursuant to this affiliation, Bruce Kropschot, who founded his firm in 1986, becomes a principal of The Alta Group, and will serve as managing principal of the firm's expanded Merger and Acquisition Advisory Division. In addition to providing M&A advisory services to buyers and sellers of equipment leasing and financing businesses, Kropschot will help arrange debt and equity for clients and perform leasing company valuations.

Also joining The Alta Group are Kropschot Financial Services executive vice president James R. Billings, and vice president Hugh Swandel, who is based in Winnipeg, Manitoba, and serves the Canadian M&A market. Both Alta and Kropschot anticipate significant demand for a variety of M&A services for buyers and sellers of leasing companies or portfolios.

Western Alliance Bancorporation announces that Michael Brown has been named president and CEO of the company's affiliate, Western Alliance Leasing. For the past three years, Brown was executive vice president/group head of CIT Group, Equipment Finance. Prior to that, he spent 13 years at Wells Fargo, where he managed regional leasing and equipment financing over a 12-state territory.

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