Northrim BanCorp, Inc. (NASDAQ:NRIM) announced the acquisition of Sallyport Commercial Finance, LLC in an all cash transaction. Sallyport Commercial Finance, LLC is a world-class provider of factoring, asset based lending, and alternative working capital solutions to small and medium sized enterprises throughout the United States and Canada.
Latham & Watkins LLP represented Sallyport Commercial Finance, LLC in the transaction with a corporate deal team led by Houston partner James Garrett and Houston associate John Daywalt, with assistance from associates Brian Bruzzo and Patrick Donlon. Advice was also provided on benefits matters by Century City/Bay Area partner Julie Crisp, with associate Morgan Wesner; on tax matters by Houston partner Bryant Lee, with associate Christine Mainguy; on banking regulatory matters by New York counsel Pia Naib; on finance matters by Houston counsel Bryce Kaufman; and on insurance matters by San Diego/Los Angeles counsel Hannah Cary.
