Mortgage Blog

2017 revenue: $170 million

+15.6%

Milestone Equipment Holdings LLC continued solid growth of the past few years, growing the transportation equipment leasing and asset management business last year, said President and CEO Don Clayton. He added that a separate chassis business grew even faster. Milestone specializes in motor carrier equipment and rail industry intermodal assets.

“We have expanded our nationwide equipment leasing and rental platform by investing in new locations and building our…

2017 revenue: $164.3 million

+16.7%

CarShield, which sells extended auto repair service contracts, had a successful year in 2017 with the help of a high-performing staff.

Notably, CarShield’s current group of employees has broken sales records several times through the past year. CarShield management credits part of the improvement to the addition of new team members in the past year.

“We have expanded our employee base and brought a lot of great new people into our CarShield family,” Office…

Since January, WP Engine Inc., SpareFoot Inc., YouEarnedIt Inc. and Watermark all agreed to be acquired by or receive major investments from private equity firms. Silverton was an early investor in all four and successfully exited or significantly lowered its stake in the companies, reaping untold millions in rapid succession. The firm's principals spoke to ABJ about how they come up with their investment strategy.

2017 revenue: $133.76 million

+11%

Arch Equity Partners, a private equity firm, increased revenue 11 percent in 2017 as its mix of business changed.

For example, among its portfolio companies, Chandler Industries, a manufacturer of machined components, offset declines in oil and gas customers with increases in aviation and medical. EMI, which designs, manufactures and installs custom material handling equipment, and Kenroy Home, a lighting and home accessory company, both increased business due…

Seven months into the fiscal year, which began Oct. 1, lenders approved 480 government-guaranteed loans through the 7(a) program. That’s down nearly 7 percent from the same time last year during which 516 loans were approved.

2017 revenue: $119.1 million

+23%

When Benjamin F. Edwards & Co. was founded 10 years ago, it had just one employee. Now, the financial services firm has more than 500, spans over 26 states and recently added its 68th branch.

“We have a full plate,” said Tad Edwards, chairman, president and CEO.

Edwards attributes the substantial growth in 2017 to new financial advisers, ramped-up business of recently hired advisers and an increase in assets under management of existing financial…

A review of annual proxy statements filed in 2007 shows that women held 5 percent of board seats at the region’s publicly traded companies that year. By 2017 that figure had crept up to about 10.5 percent.

Bad for terrorists, good for hackers: What life is really like in a cashless society.

2017 revenue: $82.1 million

-3.5%

USA Mortgage had its third-best year in 2017, funding $1.5 million in loan volume and finishing as the top home lender in St. Louis and the state of Missouri. But revenue slipped 3 percent as home refinancing loans dropped off.

“USA Mortgage grew its purchase business by an astounding $180 million in 2017,” Doug Schukar, chairman, president and CEO, said. “The rising rate environment that ensued since the 2016 presidential election, however, reduced refinance…

Mastrapasqua Asset Management Inc., doing business as M Capital Advisors, changed the asset allocation for its funds recently to add more “dry powder” to the mix, executives said Wednesday during a client event at The Argyle.

Nashville-based M Capital Advisors, which has offices in San Antonio, has about a dozen employees and nearly 500 clients, and manages $579 million in assets as of March 29, according to U.S. Securities and Exchange Commission records. Most of the investment firm’s clients…