WHO WE ARE
NexGen Financial was founded in 2017 with a single mission: to provide creative capital solutions to the debt settlement industry. We approach each of our partners with fresh eyes and develop custom-made strategies. Though we’ve grown significantly since our establishment, our mission has remained unchanged.
President and Founder
James Shanahan moved out to CA in 1997 to Attend the Anderson School of Business at UCLA. After graduating with an MBA in 1999 he started his career in money management at Roxbury Capital Management, where he was a Portfolio Manager for a small mid cap portfolio for institutional investors and high net worth individuals. After analyzing companies for 6 years and evaluating which business models worked best, James decided to buy an electrical distribution business in Long Beach, CA. The company, Mag-Trol Long Beach was in business for 30 years and supplied all the electrical material to keep the cranes in the ports of LA and Long Beach operating. From there he bought another electrical distributor in Huntington Beach, CA and opened another office in Ontario, CA. In 2016 his company was acquired by a strategic buyer from the East Coast who wanted to get into the CA market.
With the proceeds from the sale of his distribution business James Shanahan started a specialty finance business called NexGen Financial. NexGen Financial will earn more than $20 million in revenue for 2020, with operating margins in excess of 30%, and has a full receivable balance of more than $30 million. NexGen is continuing to expand rapidly and is currently implementing all the regulatory and corporate governance requirements to pursue an IPO in 2020.
Chief Financial Officer
Drew has over 15 years of business leadership in a variety of industries, including most recently as CFO and EVP of Strategy of a venture backed Agricultural start-up company that successfully raised over $40M. Drew also spent 6 years with the Boston Consulting Group in Houston, Dallas, and Boston offices. Drew has an MBA from Harvard Business School and an undergraduate finance degree from the Business Honors Program at the University of Texas-Austin