Fourshore Companions pronounces the acquisition of Genesis Capital Finance
MIAMI – (BUSINESS WIRE) – Fourshore Companions (“Fourshore”) in the present day introduced its acquisition of a controlling curiosity in Genesis Capital Finance (“Genesis”, “GCF”), a specialty finance firm that gives industrial loans to unbiased operators within the long-haul trucking business.
Based in 2011, Genesis Capital Finance has developed a fame for revolutionary and versatile options, even in troublesome financing conditions, making it the go-to supply for all truck associated loans. GCF prides itself on offering immediate and personalised service to all of its prospects, no matter their credit score historical past. The GCF usually supplies prequalification for a mortgage inside hours and funds the loans inside one enterprise day.
“We’re very comfortable to companion with the Fourshore crew. This partnership fuels the expansion of Genesis Capital Finance and ensures that we will proceed to fulfill the expectations of our distribution companions as they’ve turn into accustomed to, ”stated Hugo Beltran, Founder and CEO of Genesis Capital Finance.
Pedro Freyre, Accomplice at Fourshore, stated that “we proceed to see enticing funding alternatives within the space of specialised finance and this permits us to companion with top quality administration in a sub-sector that we particularly like at this level within the financial cycle. ”
The transaction was led by Jose Costa, Pedro Freyre and Milos Milosevic at Fourshore Companions. Alvarez & Diaz-Silveira LLP was authorized counsel to Fourshore Companions. Monetary phrases of the transaction weren’t disclosed.
About Genesis Capital Finance
Genesis Capital Finance is a nationwide industrial lender centered on serving owner-operators who want financing to buy a truck. Led by business veterans, Genesis understands the trucking business and has entry to assets that enable it to supply aggressive truck loans that others can not. GCF’s strategy is simple and designed to assist enterprise homeowners succeed.
About Fourshore Companions
Fourshore Companions is a Miami-based non-public fairness agency centered on decrease center market buyouts in america and the Caribbean. Fourshore targets corporations producing between $ 2 million and $ 15 million in EBITDA with enterprise values between $ 10 million and $ 75 million.