The Alta Group announced the appointment of Gary W. LoMonaco as a Director, to primarily serve in the consultancy’s Strategy & Competitive Alignment Practice.

“Gary’s experience in captive vendor finance and his acumen in credit management will be valuable to Alta and many of our clients,” said Valerie L. Gerard, co-CEO of The Alta Group.

An experienced executive in the equipment leasing and financing industry, LoMonaco brings a wealth of leadership and business development acumen to Alta. His widespread industry experience, since 1985, matches Alta’s commitment to providing deep industry expertise based on real world, hands-on experience as market leaders and equipment leasing executives.

LoMonaco developed deep knowledge of the vendor marketplace, starting in credit and ultimately becoming Senior Credit Officer of Heller Financial’s Vendor Finance Group. In that position, he had responsibility for the group’s portfolio performance, A/R, funding, workouts and vendor due diligence. Later, as Managing Director of its healthcare and IT vendor business, he drove the company’s entry into this market, with responsibility for business development, credit and vendor program management.  He continued this work at Banc of America Leasing, heading up the major accounts team of the Vendor Finance Division.

In 2009, he moved to Forsythe Technology, where he managed the company’s captive finance organization, gaining experience in syndications, transaction structuring, document negotiation and managed services financing as well as serving as the Corporate Treasurer.  After 10 years at Forsythe, he expanded his corporate financial expertise, serving as Chief Financial Officer of Symbria, Inc., a service provider to the senior care industry.    

In addition, LoMonaco held a variety of management positions in finance at TCGI Capital, CIT Corporation, Deutsche Credit Corporation and EF Hutton Credit.

“I enjoy surrounding myself with talented individuals such as the Alta consultants and combining our strengths to make a measurable difference for clients,” LoMonaco said.

He is active in the equipment finance industry, having twice served on the Equipment Leasing and Finance Association (ELFA) Board of Directors. He also formerly chaired the association’s Captive and Vendor Finance and Independent Middle Market steering committees.

He holds a B.S. in Business from Southern Illinois University.