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FOR IMMEDIATE RELEASE
KBK Financial, Inc. now Marquette Commercial Finance, Inc.
FORT WORTH, TX – (April 16, 2004) – KBK Financial, Inc. has changed its name to Marquette Commercial Finance, Inc. related to the acquisition on Nov 24, 2003 by the Marquette Financial Companies. Marquette Commercial Finance will continue KBK Financial’s legacy as the largest and oldest accounts receivable financial business located in the Southwestern United States. The Fort Worth-based company has provided more than $10 billion of financing to private and small publicly held companies since its founding in 1962. A leader in providing receivable financing services to middle market businesses in more than 25 states, KBK Financial purchased in excess of $600 million in accounts receivable in 2003.
Since the acquisition, the Company has maintained its high standard of service to our customers, as substantially the entire management group and the employees of KBK Financial have been retained, including Jack R. Roper, who served as president of KBK and is now president/CEO of Marquette Commercial Finance. Marquette Commercial Finance’s corporate office will remain in Fort Worth, with marketing offices in Houston, Los Angeles and Atlanta. “The name change better aligns the Company for future growth, reflecting the financial strength and integrity of the Marquette Financial Companies,” said Roper.
Marquette Financial Companies is a $1.2 billion financial services company owned by the Carl Pohlad family in Minneapolis, Minnesota. The family is veterans of the banking and financial services industry and owners of the Minnesota Twins Major League Baseball team and significant holdings in PepsiAmericas.
“Marquette Financial Companies and Marquette Commercial Finance, share similar strategies of serving businesses through relationship-based financial services. The additional resources obtained from the combined companies give Marquette Commercial Finance and its customers a wide range of resources available,” said Jay Gardner, executive vice president of originations.
For more information, please visit www.marquettecommercial.com.
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