Global Merchant Fund, through its transportation factoring platform Accutrac Capital Solution, has acquired eCapital, a transportation factoring company, a transportation factoring company that provides cash flow solutions to transportation, freight and logistics companies throughout the U.S.
This represents the fourth major corporate acquisition by Global Merchant since early 2017.
“When we acquired Accutrac, augmenting their capabilities with another leader in the industry was part of the goal. eCapital is the perfect fit” said Steve McDonald, president of Global Merchant.
“eCapital offers an exciting opportunity for Accutrac to strengthen and expand our service footprint in the U.S.,” 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.”
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.
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eCapital’s current leadership and management team will remain in place to guide the company’s continued expansion.
Global Merchant offers alternative financial solutions primary catered towards middle-market companies located in the U.S, Canada and Mexico through asset-based lending, factoring and supply chain financing.
Accutrac is a factoring company dedicated exclusively to the transportation sector.
eCapital creates financial freedom for its customers by offering fast, reliable payment for invoices, including professional account management and back office support.
