Revolution Capital, a provider of factoring and cash flow financing in Canada and the United States, acquired Growth Capital, a factoring firm specializing in the transportation industry.

Although Growth Capital built its reputation in the transportation industry, it has expanded into additional industries.

“Growth Capital has an excellent reputation in the factoring space and a strong presence in transportation specifically,” Loren Shifrin, CEO of Revolution Capital, said. “This, combined with their client-focused approach, allows us to offer advantages of scale which will benefit everyone in the industry.”

“This acquisition means the level of service we’ve provided to our clients over the years can now be amplified on a widespread scale, ensuring our client-focused approach will not only continue but flourish,” Nelko Mahlyanov, senior vice president of Revolution Capital, said.