GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships.
“I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto finance and technology specialist. We’re happy to be part of FlexPath’s growth story,” David Ellis, co-president of GemCap, said. “And I always want to continue a relationship with a firm with a proven track record and integrity.”
“This will be FlexPath’s third financing with GemCap’s founders,” Peter Sayer, CEO of FlexPath Capital, said. “I appreciate their follow-through, creativity and partnership.”
