Fourshore Partners Announces Acquisition of Genesis Money Finance | Business

MIAMI–(Business WIRE)–Mar 12, 2021–

Fourshore Associates (“Fourshore”) declared right now its acquisition of a the greater part stake in Genesis Cash Finance (“Genesis,” “GCF”), a specialty finance business that presents business financial loans to unbiased owner operators in the extensive-haul trucking field.

Proven in 2011, Genesis Money Finance has developed a status for innovative, flexible options, even in challenging financing predicaments, which helps make it the go-to source for all truck-connected financial loans. GCF prides by itself for providing rapid, customized service to all prospects, irrespective of credit record. GCF normally delivers pre-qualification for a mortgage within a make any difference of hrs and funds financial loans in a company working day.

“We are very fired up to spouse up with the group at Fourshore. The partnership fuels advancement at Genesis Money Finance and makes sure that we can continue to fulfill our channel partners’ expectations the way they have turn into accustomed to,” explained Hugo Beltran, Founder and Chief Executive Officer of Genesis Capital Finance.

Pedro Freyre, Lover at Fourshore, said that “we continue to see attractive expense possibilities in the specialty finance space and this a person will allow us to husband or wife with large-top quality administration in a subsector that we particularly like at this place 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 authorized counsel to Fourshore Partners. Money conditions of the transaction had been not disclosed.

About Genesis Funds Finance

Genesis Capital Finance is a nationwide professional loan company centered on serving the operator operators who need funding to obtain a truck. Led by industry veterans, Genesis understands the trucking business and has entry to resources that allow it to offer aggressive truck loans that some others are not able to. GCF’s tactic is easy and created to aid organization proprietors realize success.

About Fourshore Partners

Fourshore Partners is a Miami-primarily based personal fairness business that focuses on lessen center market buyouts in the U.S. and Caribbean. Fourshore targets firms producing in between $2m and $15m of EBITDA with company values in between $10m and $75m.

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Speak to: Milos Milosevic

Vice President

Fourshore Associates

[email protected]


Marketplace Keyword: FINANCE TRUCKING Qualified Solutions Transport OTHER Expert Companies

Resource: Fourshore Partners

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

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