Press Releases
Bibby Financial Services Launches New Business in Dallas, Texas
Bibby Financial Services Launches New Business in Texas
Bibby Financial Services has expanded its U.S. presence with the launch of its fourth business in the United States in as many years. The new business will trade under the name Bibby Financial Services (Southwest), Inc., and will focus on the provision of receivable funding solutions to small- and medium-sized businesses in Texas and the surrounding Southwest region.
With businesses already established in Southern Florida, Los Angeles and Chicago, this truly establishes Bibby Financial Services as the up and coming player in the U.S. receivables funding market.
Bibby has a strong commitment to grow its business to become the number one independent receivables funder in the United States 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 Texas we see this not only an opportunity to serve businesses better in the Southwestern region but also to strengthen our position in the whole of the U.S. 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. Sam Tork, chief executive officer of Bibby Financial Services Southwest, added, “This is an important development of the Bibby brand across the U.S. With businesses in the Texas market continuing to show increasing confidence, we are looking forward to working with local businesses to help them grow their companies.”