Western Alliance provides banking products and financial services to small and middle-market businesses, real estate investors, and professional firms. The company operates through several regional divisions and specialized lending groups that generate revenue by providing customized loans, deposit accounts, and treasury management services. Unlike many traditional banks, it uses a relationship-based model that combines local geographic expertise with national specialized groups in sectors like technology and life sciences. Its goal is to provide tailored financial solutions to specific industries and local markets through a diversified portfolio of commercial and industrial lending.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Phoenix, Arizona
Founded
2002
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Virginia-based startup Aventra has raised $17.5 million in new funding, with Konvoy Ventures leading the round. Seed round backer Lavrock Ventures participated alongside new investors Booz Allen Ventures, Sands Capital, Langford Industries, and Western Alliance Bank. The company manufactures Piranha, a high-altitude balloon-dropped glide bomb that converts unguided munitions into precision-guided weapons. Since emerging from stealth with a $3.5 million seed round last October, Aventra has delivered over 400 units to US and NATO customers and doubled its production revenue. The system launches munitions from 60,000 feet and can glide approximately 100 miles, with recent demonstrations achieving accuracy within three metres of targets. Aventra plans to use the funding to scale production from 35 units monthly to 500 through a new Virginia facility called Factory Zero.
Brookside Capital Partners welcomes Victor Canavan as an Analyst! Brookside Capital Partners is pleased to announce that Victor Canavan has joined the Firm as an Analyst. Victor interned at Brookside Capital Partners in the Winter of 2024 through Northeastern University's Co-op Program while pursuing his undergraduate degree. Brookside Capital Partners has participated in Northeastern's internship program for the last 12 consecutive years. Prior to joining Brookside, Victor was a Credit Analyst at Western Alliance Bank, where he was a member of the Sponsor Finance team. In that role, he focused on underwriting senior secured credit facilities within the technology sector and gained valuable experience evaluating credit opportunities and working with financial sponsors. Victor graduated with a Bachelor of Science degree in Business Administration, with a Minor in Data Science, from Northeastern University. "We are delighted to welcome Victor back to Brookside," said Corey L. Sclar, Managing Partner. "Victor made valuable contributions to the projects he worked on during his internship and we have been impressed by the experience and perspective he has developed since then. His underwriting background, credit expertise and familiarity with Brookside's culture make him a great addition to our investment team. We look forward to having him back and are confident he will be an asset in the growth and continued success of our organization." About Brookside Capital Partners. Brookside has invested $1.5 billion since its founding in 2001. Brookside Capital Partners is a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, Brookside Capital Partners believe in partnership, collaboration, and achieving results together. Brookside Capital Partners value the relationships with its sponsor and management partners and seek to find credit solutions that work for each unique situation. Brookside Capital Partners deliver on its promises. Please contact Brookside Capital Partners or visit brooksidecp.com or its LinkedIn profile for additional information. Brookside Capital Partners welcome investment proposals and promise a prompt and confidential response.
McNally Industries, a Wisconsin-based manufacturer of precision-machined components for defense and industrial applications, has secured debt financing from Western Alliance Bank. The financing will refinance McNally's existing facility. Founded in 1942 and headquartered in Grantsburg, McNally designs and manufactures complex assemblies and hydro-mechanical systems for mission-critical applications. The company serves a blue-chip customer base with an average tenure exceeding 20 years. Cascadia Capital acted as exclusive financial adviser to McNally, a portfolio company of Susquehanna Growth Equity. Following exclusivity, McNally closed its new facility with Western Alliance in two weeks. The financing provides McNally with flexibility to execute its growth strategy and deliver on its record backlog.
Hadrian has closed a $360 million revolving credit facility to expand its US manufacturing infrastructure and meet production targets for defence and aerospace programmes. Morgan Stanley Senior Funding served as lead arranger, with joint lead arrangers including Western Alliance Bank, J.P. Morgan, and First Citizens Bank. The financing follows Hadrian's $1.37 billion Series D fundraise announced last week, which valued the advanced manufacturing company at $7.87 billion. The credit facility will support buildout of Hadrian's factory network and machinery investments. Hadrian currently operates four facilities totalling nearly 3 million square feet in California, Arizona, and Alabama, with additional sites under development. The company builds highly automated factories combining robotics and AI for space and defence manufacturers.
MarginEdge, an Arlington, Virginia-based restaurant management and financial software platform provider, raised $80m in Series D and debt funding