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  6. Porter Capital Acquires Pay4Freight

M&A Deal Summary

Porter Capital Acquires Pay4Freight

On January 9, 2024, Porter Capital acquired financial services company Pay4Freight

Acquisition Highlights
  • This is Porter Capital’s 1st transaction in the Financial Services sector.
  • This is Porter Capital’s 1st transaction in the United States.
  • This is Porter Capital’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-01-09
Target Pay4Freight
Sector Financial Services
Buyer(s) Porter Capital
Deal Type Merger

Target

Pay4Freight

Flower Mound, Texas, United States
Pay4Freight is an invoice factoring company located near the Dallas-Fort Worth metroplex. Though a factoring company, it provides factoring services nationwide to owner-operators and trucking companies of all sizes. Pay4Freight was founded in 2008 and is based in Flower Mound, Texas.

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Buyer(S) 1

Buyer

Porter Capital

Birmingham, Alabama, United States
Category Company
Founded 1991
Sector Financial Services
DESCRIPTION

Porter offers working capital solutions to businesses all over the country in a variety of industries. As a direct lender and factoring company, Porter Capital was founded in 1991 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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