Reliant Funding Brand Survives After Merger

San Diego-based alternative lender Reliant Funding is the surviving brand following its merger two years ago with Long Island-based Merchants Capital Access.

The lender, a portfolio company of New York-based private equity firm Angelo, Gordon & Co., announced Tuesday the combined companies will go forward under the Reliant Funding name.

The surviving brand has 80 employees in San Diego and 70 employees in New York, according to a company spokeswoman.

Adam Stettner, founder and CEO of Reliant, is CEO of the combined company.

Stettner founded Reliant in 2007. The company was acquired by Angelo Gordon in 2015; Merchants Capital, also a portfolio company of the PE firm, had been previously acquired.

Reliant reported revenue of $51.95 million in 2016, a 131 percent increase compared to 2014.

Financial terms of the merger were not disclosed.