GemCap acquired the portfolio of factor FTrans and hired the company’s Atlanta-based team.

“GemCap is excited to expand into factoring. While continuing the excellent service from FTrans, GemCap expands the typical factoring product by offering inventory and equipment financing,” said David Ellis, co-president at GemCap. “We welcome the high caliber FTrans staff into the GemCap team and are very excited to expand our geographic footprint to Atlanta.”

“This acquisition greatly expands GemCap’s lending range. We are now able to fully service clients with needs as low as $50,000, as well as service our traditional clients with ABL needs up to $10 million,” said Jim Thieken, executive vice president.

GemCap provides senior-secured, commercial asset-based loans and factoring to low and middle market businesses within the U.S. and Canada.