eCapital acquired the factoring portfolio of REV Finance Group, an affiliate of Roly’s Trucking and R.E.G. Logistics, a Los Angeles-based family of transportation, warehousing and logistics companies.
Roly’s Trucking was founded more than 20 years ago by Rolando “Roly” Garcia and has a presence in the Los Angeles area. Garcia opened REV Finance Group in 2009 to provide factoring services to e independent operators and outside carriers used by Roly’s Trucking and its freight brokerage division, R.E.G. Logistics.
“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,” Marius Silvasan, CEO of eCapital, said.
“Having a strong financial partner is important for a transportation company’s success so I wanted to work with the best,” Garcia said. “That’s why it made sense to align with a company like eCapital.”
“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,” Ken Judd, CEO of eCapital Freight Factoring, said.
This is the fourth transportation-based acquisition for eCapital in the last two years and the second in Southern California.