M&A Deal Summary

Advance Business Capital Acquires Transport Financial Solutions - Transportation Factoring Assets

On July 8, 2020, Advance Business Capital LLC acquired transportation company Transport Financial Solutions - Transportation Factoring Assets from Transport Financial Solutions

Acquisition Highlights
  • This is Advance Business Capital’s 1st transaction in the Transportation sector.
  • This is Advance Business Capital’s 1st transaction in the United States.
  • This is Advance Business Capital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-07-08
Target Transport Financial Solutions - Transportation Factoring Assets
Sector Transportation
Buyer(s) Advance Business Capital LLC
Sellers(s) Transport Financial Solutions
Deal Type Divestiture

Target

Transport Financial Solutions - Transportation Factoring Assets

Chattanooga, Tennessee, United States
Transport Financial Solutions - Transportation Factoring Assets comprises primarily of $103.3 million of net accounts receivable and related transportation factoring assets.

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Buyer(S) 1

Buyer

Advance Business Capital LLC

Coppell, Texas, United States

website


Category Company
Founded 2004
SectorBusiness Services
DESCRIPTION

Triumph Business Capital offers invoice factoring and payment processing solutions to transportation and other service industries. Triumph Business Capital was formed in 2004 and is based in Coppell, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Transport Financial Solutions

Chattanooga, Tennessee, United States

website


Category Company
Founded 2012
SectorTransportation
DESCRIPTION

Transport Financial Solutions assists companies in improving the predictability of their cash flow through secure invoice factoring services. Our clients receive the working capital they need usually within 24 hours, to help meet their daily cash requirements and expand their business. With invoice factoring from TFS, the hassle of collections and burden of slow-pay clients are removed. You have the freedom you need to pursue additional business. TFS was formed in 2012 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1