Triumph Business Capital closed the acquisition of the transportation factoring assets of Transport Financial Solutions for approximately $132.2 million, including contingent consideration of approximately $9.9 million.
The International Factoring Association appointed four new Advisory Board members, including Bud Crawford of PrimeArc Capital, Dean Landis of Entrepreneur Growth Capital, Meg Roberson of Gulf Coast Business Credit and Glen Shu of Heritage Bank of Commerce.
Prestige Capital Finance closed $1.25 million in combined factoring arrangements for Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a sports hydration company.
Rosenthal & Rosenthal completed a $750,000 purchase order finance facility for an automotive client and a $10 million collection factoring agreement for a mattress company. Both clients will be serviced by Rosenthal’s southeast office in Atlanta.