Wells Fargo & Company

NEW YORK, Jan. 29, 2026 /PRNewswire/ -- Overland Advantage ("Overland") continues to benefit from Wells Fargo's extensive U.S. middle market sourcing footprint and Centerbridge Partners' top-tier private credit underwriting. Overland has provided highly customized credit solutions to family, founder, employee and sponsor-owned companies, financing 18 transactions in 2025 with an aggregate value of ~$4.0 billion. Since inception, Overland has arranged, structured and led ~96% of the credit facilities that it has invested in – an exceptional leadership track record. Overland's disciplined growth underscores its unique strategy and relevance, in particular within the family and founder-owned business community.

Since Overland's launch in May 2024, ~$7.0 billion in custom financing solutions have been underwritten to U.S. middle-market companies, 70% of which are founder and family owned, demonstrating market leadership in a market segment which is historically more challenging to access. Through financings provided together by Overland and Wells Fargo, companies have secured unique, flexible and cost-effective solutions that have allowed them to advance their strategic objectives.

Overland stands out as a differentiated provider of tailored and efficient capital solutions, catering to the unique financing needs of its clients. Overland invests across various industries, targeting market-leading companies with stable cash flows, unique product offerings, barriers to entry and experienced management teams.

"Amidst an evolving macro environment, Overland has leveraged the complementary strengths of Centerbridge and Wells Fargo to close 18 transactions this year," said Gavin Baiera, CEO and Trustee of Overland Advantage and Senior Managing Director at Centerbridge. "Our financing solutions have delivered exceptional results for borrowers, and our recent momentum underscores the strategic execution of our vision, the innovative nature of our direct lending solutions, and the robust partnership we maintain with Wells Fargo."

David Marks, Wells Fargo Commercial Banking EVP, shared, "We're proud to see that Overland has proven to be a market-leading direct lending solution for middle market companies, allowing us to expand long-term relationships and acquire new clients. By delivering the joint capabilities of Wells Fargo and Overland, we've created a complete solution for our clients to pursue their most strategic transactions."

Among the transactions Overland led in the second half of 2025 are the following:

• First lien credit facility for Tempo, a project management software company
• First lien credit facility for Technique, a metals fabricator specializing in low-volume and prototype solutions
• First lien credit facility for Atlantic Squared Supply, a distributor of roofing materials and manufacturer of metal roofing products
• Term Loan for Columbus Distributing, a distribution platform serving the Midwest region
• Incremental first lien term loan for Stark Tech, a provider of building technology solutions
• First lien credit facility for Exclusive Resorts, a luxury membership club offering access to a global portfolio of private residences, experiences, and benefits
• First lien credit facility for Envision Radiology, a provider of diagnostic imaging services

Overland continues to provide unique financing solutions and is redefining direct lending for founder and family-owned businesses.

About Overland Advantage

Overland provides innovative lending solutions to founder, family and sponsor-owned middle market companies in North America and allows businesses to pursue their most important strategic goals. 

Overland benefits from a strategic partnership between Centerbridge Partners and Wells Fargo, a leading commercial bank in the U.S. Overland borrowers can benefit from more seamless access to Wells Fargo's differentiated treasury management, investment banking services and senior bank capital and Centerbridge's leading private and alternative credit investment capabilities. Overland offers a unique, relationship-driven solution to meet the capital needs of privately owned middle market businesses, many of which historically have had limited connectivity to private credit solutions.  

Overland is advised by Overland Advisors, LLC, which is managed by Overland Advisors Holdings, LLC, a controlled affiliate of Centerbridge Partners, L.P.  and an entity in which Wells Fargo has a significant, non-controlling minority equity investment. 

For more information about Overland, visit www.overland-advantage.com LinkedIn: https://www.linkedin.com/showcase/overlandadvantage/

About Wells Fargo 

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo

Contacts

Kekst CNC

Jeremy Fielding / Anntal Silver / Daniel Hoadley

overland@kekstcnc.com

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SOURCE Overland Advantage

WASHINGTON, Jan. 26, 2026 /PRNewswire/ -- Today, Lockheed Martin (NYSE:LMT), PG&E Corporation (NYSE:PCG), Salesforce (NYSE:CRM) and Wells Fargo (NYSE:WFC) announced the launch of EMBERPOINT^TMLLC, a purpose-built venture that will integrate next-generation wildfire solutions to help first responders detect, prevent and fight catastrophic wildfires. This partnership will set a new standard in wildfire safety, enabling more progress than a single company can achieve alone.

EMBERPOINT^TM will use artificial intelligence, autonomous systems, and integrated command-and-control technologies to help first responders detect fires earlier, prevent their spread and enhance coordination for mitigation efforts. Agencies and utilities will gain access to proven, state-of-the-art systems without the burden of development costs, enabling communities to benefit from advanced, affordable wildfire prevention.

Lockheed Martin will contribute its cutting-edge layered approach to prediction and detection, as well as military-grade autonomous response and suppression capabilities, enabling firefighters to rapidly identify and directly intervene at the earliest stages of wildfire ignition.

Pacific Gas and Electric Company¹, a subsidiary of PG&E Corporation, will bring deep wildfire mitigation experience, with proven layers of protection and a track record of deploying effective risk management programs across geographically-diverse communities. Contributions or information from Pacific Gas and Electric Company are subject to regulatory approval.

Salesforce will contribute to the digital foundation for EMBERPOINT^TM, integrating disparate data streams into a unified, real-time response engine. Leveraging the power of Agentforce and Slack, Salesforce will enable seamless cross-organization coordination to accelerate wildfire response.

Wells Fargo is helping to fund the venture through a capital investment.

WHY IT MATTERS

The risk of wildfires is an escalating national crisis, with wildfires devastating communities, economies, and ecosystems across America and the world. Fires are growing larger, more intense and more frequent, causing billions of dollars in damage each year and placing increasing strain on utility customers and taxpayers.

As heroic firefighters put their lives on the line, further integrated technologies and data can help them respond faster and stay safer. This effort seeks to build upon the remarkable contributions of the firefighting community by equipping firefighters and emergency responders with advanced tools and coordinated solutions to more effectively combat wildfire threats.

LEADERSHIP INSIGHT

"It's time to change the way we think about wildfires and bring the best of American technology and know-how to this growing threat to lives and property. Devastating wildfires are on the rise and this new partnership brings four leading companies in the aerospace, electrical power, tech, and financial industries together to address this national problem," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Building on Lockheed Martin's leading-edge capabilities in space and ground-based sensing systems, autonomous air and land drones, and command and control systems, EMBERPOINT™ aims to combine these skills along with those of our partners to address what is a true national security mission."

"This partnership underscores our commitment to ending catastrophic wildfires," said PG&E Corporation CEO, Patti Poppe. "We plan to seek regulatory approval to pair Pacific Gas and Electric Company's on-the-ground experience with our partners' advanced technology, and properly scale how we identify risk, prevent incidents, and protect the people and ecosystems we serve for the benefit of all society—while staying fully focused on providing safe and reliable energy to our customers. Today's announcement marks the next step in a broader, multi-phase effort to end catastrophic wildfires."

"Agentforce and Slack are powerful tools that can be used to solve the most pressing challenges," said John Somorjai, Chief Corporate Development and Investments Officer, Salesforce. "We look forward to integrating our world-class AI capabilities with the specialized expertise of our partners to combat the escalating threat of wildfires."

WHAT'S NEXT

The EMBERPOINT^TM team and technologies will be built out in the coming months, targeting demonstrations in 2026.   

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.

About Salesforce

Salesforce helps organizations of any size become agentic enterprises - integrating humans, agents, apps, and data on a trusted, unified platform to unlock unprecedented growth and innovation. Visit www.salesforce.com for more information.    

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation or Lockheed Martin Corporation (together, the "Companies"), including regarding the solutions of EMBERPOINT^TM and the effectiveness of those solutions. These statements are based on current expectations and assumptions of management of the Companies ('management"), which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include: Pacific Gas and Electric Company's receipt of regulatory approval in a satisfactory time and manner; the effectiveness of technological solutions that EMBERPOINT^TM intends to use; the parties' ability to realize anticipated benefits from collaboration; risks associated with new business areas and activities, including  ability of EMBERPOINT^TM to execute its business plan, scale its operations, and hire skilled personnel; the risks associated with joint ventures and strategic investments, including governance, control matters, and the parties' ability to work together effectively; the ability of EMBERPOINT^TM to procure financing, including from other investors; prevailing economic, market, regulatory or business conditions, or changes in such conditions, negatively affecting the parties; potential customers' interest in the services that EMBERPOINT^TM intends to offer, including the risk of competition and the risks inherent to contracts with government agencies; reliance on key business partners and suppliers; the ability of EMBERPOINT^TM to protect its intellectual property; changes in wildfire risk mitigation technologies; and changes in legislation or regulations. The companies undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law. 

Potential customers or collaborators seeking to learn more about the EMBERPOINT^TM solution?

Contact: info@emberpoint.co

¹ EMBERPOINT^TM is not the same company as Pacific Gas and Electric Company, the utility; EMBERPOINT^TM is not regulated by the California Public Utilities Commission; and you do not have to buy EMBERPOINT^TM's products in order to continue to receive quality regulated services from the utility.

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SOURCE Lockheed Martin