His proficiency in originating transactions and industry knowledge in the oilfield services and mid-stream sub-sectors will serve us well. These are attributes of our team that we look to build on as we continue to provide financing for middle market companies across the energy industry.
NEW YORK and DALLAS – CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today appointed Todd Friant Managing Director of CIT Corporate Finance, Energy, effective immediately. He will be responsible for leading the origination efforts for senior lending opportunities in the oilfield services and midstream sub-sectors. Friant will report directly to Mike Lorusso, Group Head of CIT Corporate Finance, Energy.
“We’re pleased to have Todd join our team as he has extensive experience originating, executing, managing and optimizing a wide variety of debt and buyout investments across several Energy sub-sectors,” said Mr. Lorusso. “His proficiency in originating transactions and industry knowledge in the oilfield services and mid-stream sub-sectors will serve us well. These are attributes of our team that we look to build on as we continue to provide financing for middle market companies across the energy industry.”
Prior to joining CIT, Friant was a Managing Director in American Capital’s Energy Group and served on various Boards of Directors. Previously, Friant worked at Hunt Resources (formerly part of Hunt Consolidated’s family of companies) where he assisted in the build-out of the energy-focused principal investing effort, and provided analytical support to the Hunt operating companies. Before this, he spent three years as an analyst at Simmons & Company International and Salomon Smith Barney.
Friant graduated summa cum laude from Texas A&M University where he received his M.S. in Finance and B.B.A. in Accounting.
About CIT Corporate Finance, Energy
CIT Corporate Finance, Energy provides value-added financing products and services to growth-oriented companies throughout the energy sector, including oil & gas and power. By combining extensive industry experience, structuring expertise and underwriting capacity, CIT Corporate Finance, Energy creates comprehensive solutions to our clients’ most critical strategic and funding needs. The group currently manages a large, diverse portfolio, which includes investments in all asset classes across the energy sector. cit.com/energy
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com
CIT MEDIA RELATIONS:
C. Curtis Ritter
Senior Vice President of Corporate Communications
Vice President, Media Relations
CIT INVESTOR RELATIONS:
Senior Vice President
(973) 740 -5058