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eCapital Expands West Coast Foothold with REV Finance Group Portfolio Acquisition

August 26, 2020, 08:45 AM
Filed Under: Mergers & Acquisitions

eCapital Corp. has acquired the factoring portfolio of REV Finance Group Inc., an affiliate of Roly’s Trucking Inc. and R.E.G. Logistics Inc., a Los Angeles-based family of transportation, warehousing and logistics companies. Roly’s Trucking was founded over 20 years ago by Rolando “Roly” Garcia and has a significant presence in the Los Angeles area, a key regional, national and international hub for freight traffic. Roly opened REV Finance Group in 2009 providing factoring services to many of the independent operators and outside carriers used by Roly’s Trucking and its freight brokerage division, R.E.G. Logistics Inc.

Marius Silvasan, CEO of eCapital, said: “We are continuing to grow our footprint on the West Coast and are excited to extend that reach in such an important transportation hub like Los Angeles that sees millions of shipping containers go out across the country every year.”

“Having a strong financial partner is important for a transportation company’s success so I wanted to work with the best,” said Rolando Garcia, owner of REV Finance Group. “That’s why it made sense to align with a company like eCapital.”

Ken Judd, CEO of eCapital Freight Factoring, said: “We have gained an important foothold in the Los Angeles area and will now operate a dedicated regional sales and client service office, led by Roly, that will provide factoring, equipment financing and other services to the independent carriers serving the port and other transportation segments.”

This is the fourth transportation-based acquisition for eCapital in the last two years and the second in Southern California. The purchase is in line with the company’s goal of being the leading alternative financing provider throughout North America.

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