M&A Deal Summary |
|
|---|---|
| Date | 2019-08-28 |
| Target | Foley Business Capital |
| Sector | Financial Services |
| Buyer(s) | Vero Business Capital |
| Sellers(s) | Foley Carrier Services |
| Deal Type | Divestiture |
| Advisor(s) | Hovde Group (Financial) Goodwin Procter (Legal) |
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| Category | Company |
|---|---|
| Founded | 2016 |
| Sector | Financial Services |
Vero Business Capital is a financial planner focused on providing innovative freight factoring solutions with industry-leading customer service to transportation clients across the U.S. Vero Business Capital was formed in 2016 and is based in Memphis, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nebraska) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Software |
Foley Carrier Services LLC is a provider of several critical services to over-the-road trucking companies and drivers. Services include DOT compliance, new entrant services, accounts receivable factoring, fuel cards, fuel tax filing, and insurance brokerage. Foley Carrier Services was founded in 1992 and is based in Hartford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Nebraska) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 1 |
