M&A Deal Summary

Fourshore Partners Acquires Power Funding

On December 29, 2023, private equity firm Fourshore Partners acquired financial services company Power Funding

Acquisition Highlights
  • This is Fourshore Partners’ 4th transaction in the Financial Services sector.
  • This is Fourshore Partners’ 5th transaction in the United States.
  • This is Fourshore Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2023-12-29
Target Power Funding
Sector Financial Services
Buyer(s) Fourshore Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Hovde Group LLC (Financial)

Target

Power Funding

Miami, Florida, United States
Power Funding is a cash flow financing company that focuses on otr trucking, oilfield trucking and service, drayage, staffing, welding, paca, and much more. Power Funding is based in Miami, Florida.

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Buyer(S) 1

Buyer

Fourshore Partners

Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Fourshore Partners is the private equity group of Fourshore Capital. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m. Sectors of interest include agribusiness, transportation, marine services, business services, niche manufacturing, distribution, and consumer. Fourshore Partner will consider businesses across the US but prefers opportunities in Florida and the Carribbean. Fourshore was founded in 2017 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Florida) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Celtic Capital

Santa Monica, California, United States

Celtic Capital provides Asset Based Financing (ABF) to non-retail businesses in the Western United States that find it challenging to get traditional bank loans. Celtic´s credits range from $500,000 to $5 million and are used for various business needs such as working capital, sales growth, debt restructuring, DIP financing, turnarounds, among others and within various industries. Celtic Capital was founded in 1982 and is based in Santa Monica, California.

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