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Bibby Financial Services Launches New Business in Toronto, Canada
Bibby Financial Services launches new business in Toronto, Canada
Bibby Financial Services has expanded its North American presence with the launch of its first Canadian business in Mississauga. The new business will trade under the name Bibby Financial Services (Canada), Inc., and will focus on the provision of receivable funding solutions to small- and medium-sized businesses in Ontario and throughout Canada.
With businesses already established in Chicago, Dallas, Los Angeles and West Palm Beach, as well as throughout Europe and Australia, this truly establishes Bibby Financial Services as the up and coming player in the North American receivables funding market.
Bibby has a strong commitment to grow its business to become the number one independent receivables funder in the Canadian marketplace as it is in the United Kingdom. Trevor Patching, chief executive officer of Bibby Financial Services Holdings, Inc., said, “By expanding our presence to a key market such as Toronto we see this not only an opportunity to serve businesses better in Ontario but also to strengthen our position in the whole of the Canadian and North American market. It positions us for further substantial growth which has marked Bibby’s past not only in the United States but in Europe and Australia.”
The Group has in recent years embarked on a challenging growth strategy driven by a unique business model of autonomous companies, designed to ensure it delivers a market leading service to its clients. Martin Rees, chief executive officer of Bibby Financial Services Canada added, “This is an important development, introducing the Bibby brand to Canada and strengthening it in North America. With businesses in the Canadian market continuing to show increasing confidence, we are looking forward to working with local businesses to help them grow their companies.”