Fourshore Partners announced its acquisition of a majority stake in Genesis Capital Finance, a specialty finance company that provides commercial loans to independent owner operators in the long-haul trucking industry.
“We are very excited to partner up with the team at Fourshore. The partnership fuels growth at Genesis Capital Finance and ensures that we can continue to fulfill our channel partners’ expectations the way they have become accustomed to”
Established in 2011, Genesis Capital Finance has developed a reputation for innovative, flexible solutions, even in difficult financing situations, which makes it the go-to source for all truck-related loans. GCF prides itself for giving fast, personalized service to all customers, regardless of credit history. GCF usually provides pre-qualification for a loan within a matter of hours and funds loans within a business day.
Read More: Personas Launches Paysonas Merchant and Crypto Payment Services
“We are very excited to partner up with the team at Fourshore. The partnership fuels growth at Genesis Capital Finance and ensures that we can continue to fulfill our channel partners’ expectations the way they have become accustomed to,” said Hugo Beltran, Founder and Chief Executive Officer of Genesis Capital Finance.
Pedro Freyre, Partner at Fourshore, said that “we continue to see attractive investment opportunities in the specialty finance space and this one allows us to partner with high-quality management in a subsector that we particularly like at this point of the economic cycle.”
Read More: Over 3,500 New Cryptocurrencies Emerged in the Last 12 Months Amid Bullish 2020
The transaction was led by Jose Costa, Pedro Freyre, and Milos Milosevic at Fourshore Partners. Alvarez & Diaz-Silveira LLP served as legal counsel to Fourshore Partners. Financial terms of the transaction were not disclosed.
Genesis Capital Finance is a nationwide commercial lender focused on serving the owner operators who need financing to purchase a truck. Led by industry veterans, Genesis understands the trucking business and has access to resources that allow it to offer competitive truck loans that others cannot. GCF’s approach is straightforward and designed to help business owners succeed.
Read More: OnJuno Partners with Fintel Connect to Launch New Affiliate Program
