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written by Kirra Fedyszyn
Forbes Finance Council Members Announce New Partnerships, Funding And More
In this news roundup, see which members are sharing big developments for their businesses.
Members of Forbes Finance Council have been celebrating spring with exciting business developments, from new product offerings and new partnerships to major media recognizations. Below, we highlight six members and their big news.
New Flavors And Investments At SweetFrog
Patrick Galleher, Managing Partner at Boxwood Partners and CEO of sweetFrog Premium Frozen Yogurt, is pleased to report that the chain recently rolled out a host of new flavors for spring, including Irish Mint Cookie and Peach Melba. “We’ve developed these flavors because we know our guests expect new and fresh experiences when they visit our stores. We work hard to keep our standards high, and love rewarding loyal customers by delivering amazing, consistent, premium products,” said Gallaher in a recent press release. The company also announced that franchisee Josh Gibson has taken ownership of five sweetFrog locations in South Carolina and Virginia. Gibson said of the company is a press release: “We have the same end-goal: to be successful in yogurt, and the franchisor, in this case, is exceptional. My wife and I are proud to be sweetFrog franchise owners because we believe in the brand’s mission and think its growth potential is unlimited.”
Forbes Features Pogo Insurance
Jade Sullivan, co-founder of Pogo Insurance, is proud to share that her company was recently featured on Forbes.com. This article by Forbes contributors John Schneider and David Auten highlights the backgrounds of Jade and her partner, Hannah, and illustrates how and why founded their business — a commercial insurance platform for small businesses — with a goal to take on the major issues they saw in the industry and “simplify the user-experience from start to finish.”
Clearlink EVP Named ‘Rising Star’
John Anderson, EVP of Finance at Clearlink, is delighted to announce that he was recently recognized as a “2018 Forty Under 40 Rising Star” by Utah Business for his “pivotal role in the growth of Clearlink.” The publication says of honorees: “While our lineup of Forty Under 40 honorees have already achieved major professional successes, they are perfectly poised for further growth and transformation.” Anderson noted, “Some hate the challenge of growth. It takes a sacrifice of time, patience, dedication, and tenacity. When you operate at breakneck speeds like Clearlink does, it hurts sometimes as you burn the midnight oil figuring things out to hit a deadline. However, I would not have it any other way. It is the price of growth and innovation. It is why I love working here.”
Lendr Partners With MidCap Financial Trust
Tim Roach, CEO and chairman of Lendr, is happy to share that his company recently launched a new partnership with MidCap Financial Trust, a middle market-focused specialty finance firm that provides senior debt solutions to companies across all industries. Lendr also announced the closing of a $25 million senior credit facility, for which MidCap served as the administrative agent, in a deal that provides Lendr increased financing power. Roach said in a recent press release, “Partnering with MidCap will strengthen Lendr’s position to expand and support the small- and medium-sized business community. All of us at Lendr are excited to work with MidCap who has displayed a unique understanding of our industry as well as the ability to think creatively in structuring the transaction.”
Harbert Investment Helps Ceterus Close $10 Million Funding Round
Levi Morehouse, founder and CEO of Ceterus, is also reporting a new partnership. His company recently joined forces with Harbert Growth Partners to continue to invest in the development of Ceterus Edge, the company’s automated accounting and benchmarked reporting platform, focusing on additional functionality for entrepreneurs who own multiple businesses, as well as support for CPA firms that serve multi-unit entrepreneurs. Harbert led a $10 million Series B round of funding to help make this a reality, bringing Ceterus’ total fundraising since 2016 to $20.2 million. In a recent press release, Morehouse said, “The future of accounting will be automated, continual, and will provide entrepreneurs forward-looking insights, not just a record of the past. Our team is excited to put this capital to work and continue to build this future.”
Magnus Financial CEO Named To Board Of Positive Coaching Alliance
Michael Schwartz, President and CEO of Magnus Financial Group LLC, is pleased to report that he was recently welcomed as a board member to the New York City chapter of the Positive Coaching Alliance. The Alliance, which currently operates 17 chapters across the country and partners with 3,500 schools and youth sports organizations, is a nonprofit focused on developing “Better Athletes, Better People through resources for youth and high school sports coaches, parents, administrators and student-athletes.” Schwartz, who played Division I Varsity Baseball at Fairfield University and recently competed in an IRONMAN 70.3® event, noted in a press release, “My life and professional career were guided by my involvement in sports along with mentoring and coaching that I received dating back to youth sports.”
These are just a handful of Forbes Councils members’ recent exciting achievements. Read about what other members are working on here.
Have news of your own to share with the community? Submit your accomplishments to our team by visiting the “get media exposure” page in your member dashboard.