Fourshore Associates Announces Acquisition of Genesis Money Finance | Business enterprise & Finance

MIAMI–(Organization WIRE)–Mar 12, 2021–

Fourshore Associates (“Fourshore”) declared now its acquisition of a greater part stake in Genesis Cash Finance (“Genesis,” “GCF”), a specialty finance business that presents professional loans to impartial operator operators in the prolonged-haul trucking business.

Set up in 2011, Genesis Cash Finance has created a standing for modern, flexible alternatives, even in tricky financing circumstances, which can make it the go-to supply for all truck-similar loans. GCF prides by itself for supplying speedy, personalized service to all buyers, irrespective of credit history record. GCF normally provides pre-qualification for a mortgage inside of a subject of hrs and resources loans in a business enterprise day.

“We are really psyched to husband or wife up with the group at Fourshore. The partnership fuels growth at Genesis Cash Finance and ensures that we can proceed to satisfy our channel partners’ expectations the way they have turn into accustomed to,” reported Hugo Beltran, Founder and Main Govt Officer of Genesis Capital Finance.

Pedro Freyre, Spouse at Fourshore, explained that “we carry on to see eye-catching expense opportunities in the specialty finance room and this one lets us to husband or wife with significant-high-quality management in a subsector that we especially like at this level of the financial cycle.”

The transaction was led by Jose Costa, Pedro Freyre, and Milos Milosevic at Fourshore Partners. Alvarez & Diaz-Silveira LLP served as lawful counsel to Fourshore Associates. Money conditions of the transaction were being not disclosed.

About Genesis Money Finance

Genesis Capital Finance is a nationwide business lender centered on serving the owner operators who will need funding to purchase a truck. Led by marketplace veterans, Genesis understands the trucking organization and has entry to means that make it possible for it to offer you aggressive truck financial loans that others simply cannot. GCF’s method is uncomplicated and developed to assistance enterprise owners triumph.

Fourshore Partners is a Miami-centered personal fairness company that focuses on lower center industry buyouts in the U.S. and Caribbean. Fourshore targets businesses making between $2m and $15m of EBITDA with business values involving $10m and $75m.


Marketplace Search phrase: FINANCE TRUCKING Skilled Services Transport OTHER Skilled Companies

Supply: Fourshore Associates

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PUB: 03/12/2021 04:00 PM/DISC: 03/12/2021 04:00 PM

Copyright Organization Wire 2021.