Exciting News in Kansas City: Triad Capital Advisors Joins Forces with Gantry Inc.
Kansas City is buzzing with excitement this week as Triad Capital Advisors Inc., a well-established player in the commercial mortgage banking world, has officially announced its acquisition by Gantry Inc.. This merger not only promises to expand their business operations but also enhance their services across the Midwest, which is good news for clients and investors alike.
A New Chapter for Triad Capital Advisors
Founded back in 1990 in Kansas City, Triad has spent over three decades making a name for itself. The firm specializes in arranging debt and equity financing for multifamily and commercial properties, with its Kansas City offices located in the prominent 46 Penn Centre. In fact, since its inception, Triad has successfully completed more than 1,000 transactions totaling over $4 billion with over 40 investors, showcasing its robust capabilities and extensive network.
Before the merger, Triad was a proud member of the national Q10 Capital LLC platform since 2004. This membership helped elevate the company’s service offerings, but now, as it transitions into Gantry, it seems poised for even greater heights.
Joining Forces for Greater Impact
Gantry, based in San Francisco, has expressed that acquiring Triad is a strategic move aimed at expanding both firms’ reach throughout the Midwest. Robert Slatt, a principal at Gantry, highlighted that “the acquisition of Triad has been seamless” thanks to the shared values between the two organizations. He noted that the merger will enhance Gantry’s servicing portfolio to an impressive $20 billion.
John Parker, Triad’s founder and CEO, shared his enthusiasm about the merger, stating, “Triad has always been guided by a commitment to client success, and joining Gantry enhances our ability to fulfill that promise on a larger scale.” His words reflect the excitement and optimism surrounding this new partnership, which aims to provide even more comprehensive mortgage banking services.
What Does This Mean for Employees?
For employees at Triad, there’s also good news. Before the acquisition, Triad employed six full-time staff members in Kansas City. After the merger, four positions will be retained under Gantry, ensuring that continuity and expertise remain in the Kansas City office. This is an essential aspect of mergers, as it can often lead to uncertainty for employees, but Gantry appears committed to preserving talent.
Looking Ahead
As part of the merger, Triad will start operating under the Gantry name, marking a new beginning for both firms. Mark Reichter and Joe Monteleone, who serve as principals in the respective Kansas City and St. Louis offices, will hold equity stakes in Gantry, which implies a strong commitment to leadership continuity and growth.
This merger aligns with Gantry’s previous acquisitions, such as their integration of Norris, Beggs & Simpson’s commercial real estate mortgage banking group in 2020 and The Rose Hill Group in 2019. With each acquisition, Gantry is solidifying its presence and market share, particularly in the Midwest.
Conclusion
In summary, Kansas City is set to see exciting developments as Triad Capital Advisors and Gantry Inc. embark on this merger journey. The combination of resources and expertise from both firms aims to elevate their service offerings, ensuring clients in the Midwest receive enhanced mortgage banking services. As they move forward together, both companies remain committed to their core values and their dedication to client success.
Stay tuned for more updates on how this partnership shapes the future of commercial mortgage banking in the Midwest!
