Global Merchant Fund Corp., a specialty finance solution provider, through its subsidiary Accutrac Capital Solution Inc., Global Merchant’s transportation factoring platform, announced the acquisition of eCapital LLC, a leading transportation factoring company that provides cash flow solutions to transportation, freight and logistics companies throughout the US.
This represents the company's fourth major corporate acquisition since early 2017, with more planned.
“When we acquired Accutrac, augmenting their capabilities with another leader in the industry was part of the goal. eCapital is the perfect fit” stated Steve McDonald President of Global Merchant.
“eCapital offers an exciting opportunity for Accutrac to strengthen and expand our service footprint in the United States” explains Ken Judd, CEO of Accutrac. “With their proven team, operational excellence and leading-edge technology they have the foundation and infrastructure we were looking for to rapidly scale our business.”
Judd added, “The acquisition of eCapital is the next logical step in our goal of becoming the premier North American factoring provider for the transportation industry.”
“For more than 25 years we have been a market leader in freight factoring, and now we have a financial and strategic partner to help us accelerate growth as we expand our portfolio and customer base.” said eCapital CMO, Tracy Groves.
Accutrac’s investment in eCapital will help grow the Company’s portfolio of clients both organically and through additional acquisitions. The strategic acquisition extends Accutrac’s reach into the U.S. market, positioning the combined organization for future growth, innovation and the ability to deliver fast, flexible funding solutions.
Together, Accutrac and eCapital offer clients an impressive suite of funding options coupled with world-class customer service. eCapital’s current leadership and management team will remain in place to guide the company’s continued expansion.
“We are excited to combine forces and put our collective expertise and capital to work to create an exceptional experience for our clients.” said Charles Sheppard, President of Accutrac. “eCapital has earned a superb reputation in the marketplace lead by its visionary technology solutions, impressive management team, and exceptional commitment to service. We are excited to have the opportunity to partner with the entire eCapital organization as we continue to realize our vision.”