- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
eCapital Corp. Acquires the Factoring Portfolio of REV Finance Group Inc., Extending its Footprint on the West Coast
By PR Web
eCapital Corp. (“eCapital”) has acquired the factoring portfolio of REV Finance Group Inc., an affiliate of Roly’s Trucking Inc. and R.E.G. Logistics Inc., a Los Angeles-based family of transportation, warehousing and logistics companies. Roly’s Trucking was founded over 20 years ago by Rolando “Roly” Garcia and has a significant presence in the Los Angeles area, a key regional, national and international hub for freight traffic. Roly opened REV Finance Group in 2009 providing factoring services to many of the independent operators and outside carriers used by Roly’s Trucking and its freight brokerage division, R.E.G. Logistics Inc.
Marius Silvasan, CEO of eCapital, said: “We are continuing to grow our footprint on the West Coast and are excited to extend that reach in such an important transportation hub like Los Angeles that sees millions of shipping containers go out across the country every year.”
“Having a strong financial partner is important for a transportation company’s success so I wanted to work with the best,” said Rolando Garcia, owner of REV Finance Group. “That’s why it made sense to align with a company like eCapital.”
Ken Judd, CEO of eCapital Freight Factoring, said: “We have gained an important foothold in the Los Angeles area and will now operate a dedicated regional sales and client service office, led by Roly, that will provide factoring, equipment financing and other services to the independent carriers serving the port and other transportation segments.”
This is the fourth transportation-based acquisition for eCapital in the last two years and the second in Southern California. The purchase is in line with the company’s goal of being the leading alternative financing provider throughout North America.
About eCapital Corp.
eCapital Corp. is committed to supporting small and middle-market companies in the United States and Canada by accelerating their access to capital through alternative financing solutions like factoring, lines of credit and asset-based lending. Through its Commercial Finance and Freight Factoring divisions and its portfolio companies — Gerber Finance, Inc. and Paragon Financial Group — eCapital Corp. offers alternative finance solutions to a broad set of industries. Based in Miami, Florida, eCapital Corp. is an innovative leader in providing flexible, customized funding to businesses. For more information about eCapital, visit eCapital.com.
About REV Finance Group Inc. and Roly’s Trucking Inc.
Roly’s Trucking and its affiliates (REV Finance Group, R.E.G. Logistics and Reliable Leasing) operate under the umbrella brand of R Logistics. Operations currently include trucking terminals and warehouse facilities in the Los Angeles and Dallas-Fort Worth markets with expansion focused on adding facilities in Florida and Georgia. With a bilingual staff, the company caters to the Hispanic owner operators and small independent carriers, offering a full range of finance, equipment and facility services, that will be enhanced significantly through its new partnership with eCapital. For more information about R Logistics visit rlogistics.us.
