ELM Global Logistics: Pacific Mercantile Bank Provides $5 Million in Financing to Edition Logistics Management

COSTA MESA, Calif., Dec. 19, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank ("the Bank"), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that it has provided a $5.0 million revolving line of credit to Edition Logistics Management ("ELM"). In addition to the financing, Edition Logistics Management utilizes a full suite of Pacific Mercantile Bank's depository products and treasury management services. The company was referred to Pacific Mercantile Bank by one of its private capital partners, Corbel Capital Partners. Edition Logistics Management is the largest independent last mile trucking company in New England, including less-than-truckload, parcel delivery and dedicated truckload. ELM is the transportation and logistics private equity affiliate of Edition Capital Partners."As we have experienced in our previous transactions with Pacific Mercantile Bank, their team was able to quickly understand the operating model and provide a fast and efficient closing process for the new credit line," said Brian Yoon, Principal at Corbel Capital Partners. "With the bank financing in place, Edition Logistics Management will have the ability to continue expansion into new markets, grow the company, and enhance its value of all stakeholders.""We appreciate the opportunity to work with Corbel Capital Partners on another transaction for one of their ...Full story available on Benzinga.com