Geminus Acquisition & Management
Geminus Acquisition & Management has built an ecosystem of companies over the past ten years that focus on lending to businesses and consumers throughout the credit spectrum.
Currently, Geminus and its founder are involved in six various funding platforms that provide financing in prime and non-prime equipment leasing, subprime and luxury auto lending in Canada, as well as financing within the bitcoin industry in both Canada & the United States.
Geminus has a team with decades of experience in founding funding platforms, as well as investing & providing management support to non-bank lenders.
Focus
Acquisition and investments are only considered within the private lending space and opportunities must be:
- complementary to the existing portfolio companies;
- have positive cash flow or the possibility of positive cash flow in the near term and;
- Geminus must be able to use its expertise to increase the intrinsic value of the funding platform.
Platforms
Arundel Capital Corporation provides true asset-based leasing to clients throughout Canada for the acquisition of revenue producing industrial equipment.
Recently acquired by NYDIG in 2021, Arctos Capital is a technology-driven commercial lender that provides financing solutions to bitcoin holders, investors, and mining businesses.
Sonoma Capital is a coast-to-coast Canadian small-ticket equipment financing and leasing provider offering a full range of financing services to equipment sellers in the prime credit space. Sonoma is headquartered in Calgary, Alberta, with offices in Montreal and Winnipeg, and a Canada-wide sales force and broker network.
Founded in 2004, Solution Financial provide alternative leasing solutions to primarily affluent immigrants and international students, who cannot obtain leasing terms with traditional Canadian banks. Their unique equity-value leasing structures allow for flexibility and proactive upgrades not typically provided by traditional leasing companies.
Timeline
Founded Mercado Capital
Sold Mercado Capital ($110AUM) to a Canadian credit union who continues to operate the business
Co-Founded
Co-Founded
Co-Founded Rhocore Income Trust
Co-Founded Arctos Capital
Investment & Management Agenda
Named Chairman of the Board
NYDIG Announces Acquisition of Arctos Capital
Geminus Announces Launch of Sonoma Capital
Servus Credit Union Announces Acquisition of Stride Capital Corp.
People
Randy Smyth
CEO
Randy is a well-respected leader and entrepreneur within the financial services sector and has over 35 years of experience building national financial leasing companies. In 1992, Randy founded Mercado Capital Corporation and grew the company to a portfolio of +$100 million before selling it in 2007. In 2012, he founded Arundel Capital and has since established Stride Capital, Rhocore Income Trust, and Arctos Capital (sold in 2021 to NYDIG). Randy and the employees within the Geminus ecosystem continue to manage and grow a portfolio in excess of $250 million AUM.
Randy currently serves as the CEO for both Arundel Capital and the Stride Capital, and also sits as Chairman of the Board for Solution Financial.
Aaron Van Hoevelaak
CFO
Aaron is a partner with Geminus and has 20 years’ experience in the lending and leasing industry. Aaron demonstrates superior knowledge in all aspects of financial accounting, forecasting, financial statement preparation, policy and procedure development, and stakeholder reporting.
More recently, Aaron was named President of Arundel Capital Corporation.
Jason Patterson
CIO
Jason is the Chief Investment Officer at Geminus. With over 30 years’ experience in risk and finance, Jason maintains a proven ability to exceed the goals set out in our corporate and entrepreneurial environments.
Jason’s expertise lies in analyzing credit and portfolio risk, the development and implementation of risk, as well as investment and compliance policies and procedures.
Lauren Smyth
Director
Lauren Smyth is a successful businesswoman with a background in sales & marketing. She has worked in many industries including the office furniture, insurance industry and retail sales distribution. Since the sale of Mercado Capital in 2007, Lauren has been actively involved in managing the Smyth Family Trust and its investments through Arundel Credit Corporation and Geminus Acquisition and Management Inc.
Press
Sonoma Capital Announces Strategic Investment by Megill-Stephenson
May 23, 2023 – Megill’s investment provides more than capital; it signals a confidence in the industry and a belief in Sonoma’s future as Winnipeg’s Chipman family makes its return to the equipment finance market.
Geminus announces launch of full spectrum portfolio management company: Geminus Servicing Inc.
May 1, 2024 – “Launching Geminus Servicing Inc. is a natural adjunct to what our committed staff and management do everyday” said Jason Patterson, Chief Investment Officer of Geminus Acquisition & Management
Arundel Capital and Jean Perreault reach Agreement on Shareholder Buyout
April 24, 2024 – Arundel Capital reached an agreement to buyout its minority partner, Jean Perrault; underscoring a strong relationship between the parties.
VP of Risk for Sonoma Capital sits down for a Fireside Chat with Jesse Johnson
August 23, 2023 – Murray Derraugh sat down with Jesse Johnson for a Fireside Chat about all things Sonoma Capital.
Solution Financial Reports Q2 2023 Financial Results
June 13, 2023 – “In 2023 our focus shifted to sustaining and expanding our lease portfolio. Leveraging our securitization facility with Sun Life enables us to offer highly competitive solutions to our existing dealerships and explore new opportunities in Ontario” Bryan Pang, CEO of Solution
Stride Capital Corp. acquired by Servus Credit Union Ltd.
June 2, 2023 – Servus Credit Union Ltd. announced the successful acquisition of Stride Capital Corp.
“Through this arrangement with Servus, we see tremendous opportunity for the expansion of our business” Randy Mannix – President
Solution Financial reports year end 2022 financial results
January 27, 2023 – “Despite supply chain challenges in 2022, Solution continued to perform well and set in motion a number of significant initiatives that will position the Company extremely well for 2023 and beyond” Bryan Pang – CEO
Solution Financial establishes $35 million securitization facility
January 20, 2023 – Solution is pleased to announce that it has established a securitization facility for up to $35 million with Sun Life Financial Inc.
The facility will enable Solution to access the growth capital required to expand its market share in Ontario, and enhance its dealership network in British Columbia and Alberta.
Geminus appoints Terri Wilson as Vice President – Securitization
December 7, 2022 – Geminus is excited to announce the hiring of Terri Wilson to help drive the growth of the underlying platforms and new opportunities slated for 2023.
“Terri’s broad range of banking experience provides valuable insights into Geminus’ existing and future lending platforms” Randy Smyth – CEO
Sonoma Capital Opens New Office in Winnipeg, Manitoba
September 14, 2022 – Sonoma Capital Corp. announced the opening of their new office in Winnipeg, MB.
“This new facility allows for collaboration among all of our staff and for Sonoma Capital to support the growth of our customers” Michael Dubowec – Sonoma Capital President.
Solution Financial Reports Q3 2022 Financial Results
“September 13, 2022 – This quarter really showed the resiliency of our business model as we stayed focused on our core leasing services despite continued economic challenges” – Bryan Pang, Solution Financial CEO.
Sonoma Capital Appoints Michael Dubowec as President
September 6, 2022 – Sonoma Capital Corp. announced that Michael Dubowec has been appointed President and will lead the business in vision and strategic growth.
