Stonebriar Commercial Finance (SCF) announced Kyle C. Parks has been promoted to Executive Vice President and named part of the SCF Executive Management team.

Parks joined SCF in 2016 as Senior Vice President – Head of Direct Originations and currently manages SCF’s team of direct originators in the U.S. and Canada. In addition to his management responsibilities, he oversees Stonebriar’s growth in the energy and marine sectors. His total financial services experience spans over 20 years and includes tenures with Wells Fargo Equipment Finance, Orix Commercial Finance and GE Capital. He holds a BA from the University of Texas at Arlington and an MBA from Texas Christian University.

“We are looking forward to Kyle joining the SCF Executive Management team. During the past three and a half years Kyle has demonstrated strong management and leadership skills overseeing all direct marketing initiatives. in addition, Kyle has been intricately involved in multiple technology initiatives driving efficiencies in all marketing and origination efforts,” said Dave B. Fate, President and CEO of SCF. “Kyle’s extensive market knowledge and transaction and relationship experience with prospective customers and strategic partners continues to drive our brand throughout all of our markets.”

“I am honored to join Dave and the other members of the SCF Executive Management team. I look forward to working with them in creating long-term value for SCF and its stakeholders,” said Parks. “SCF is well-positioned for continued success in all of the strategic markets it serves.”

Stonebriar is an Eldridge Industries portfolio company based in Plano, TX. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through five distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.