Northrim BanCorp Acquires Sallyport Commercial Finance, LLC

Northrim BanCorp Acquires PBCO Financial Corporation in a $167.3M All-Stock Deal

July 24, 2026

Financial Services

Northrim BanCorp, Inc. has signed an agreement to acquire PBCO Financial Corporation in an all-stock transaction valued at approximately $167.3 million. The deal expands Northrim’s Alaska-based community banking franchise into Southern Oregon and the Willamette Valley through People’s Bank of Commerce (PBCO’s subsidiary), with closing expected in 4Q26 or early 1Q27 subject to approvals.

Sallyport Invests in Submar LLC

July 8, 2026

Industrial Services

Sallyport, a lower middle-market private equity firm, announced an investment in Submar, a Louisiana-based pipeline erosion remediation business. Submar provides engineered, turnkey remediation solutions for onshore and offshore pipelines and will continue to be led by its existing management team.

Porter Capital Acquires Staffing-Focused Factoring Firm

February 6, 2025

Financial Services

Porter Capital has acquired a prominent staffing-focused factoring firm (name not disclosed), integrating the firm's client portfolio and key staff to expand Porter Capital’s presence in the staffing industry. The acquisition is intended to ensure uninterrupted funding access for staffing clients and to bolster Porter Capital’s tailored working-capital solutions and industry relationships.

Fourshore Partners Acquires Power Funding LTD

December 29, 2023

Financial Services

Fourshore Partners, a Miami-based private equity firm, has acquired Power Funding LTD, a Houston-based factoring company that provides working capital to oil & gas and trucking businesses. The deal positions Fourshore to invest in alternative banking solutions and accounts-receivable financing serving underserved transportation and energy middle-market firms.

Fourshore Partners Acquires Celtic Capital Corporation

April 29, 2022

Financial Services

Fourshore Partners, a Miami-based private equity firm, has acquired Celtic Capital Corporation, an asset-based lender specializing in financing to middle-market manufacturers, wholesalers, distributors and service providers. The deal gives Fourshore a platform in the financial services/commercial finance space to pursue growth in asset-based lending across the United States.

Cairngorm Capital Acquires Fairalls (Builders' Merchants)

July 18, 2019

Building Products

Cairngorm Capital Partners has acquired Fairalls (Builders' Merchants) Limited, adding it to its existing building merchant businesses Parkers Building Supplies and Stamco to create the largest independent builders' merchant group in the South East of England. The enlarged group operates 24 branches with over 500 employees and combined revenues of approximately £120 million; Fairalls itself reported c.£15m revenue and about 85 employees and will continue to trade under the Fairalls brand with Richard Fairall remaining involved during the transition.