Love’s Financial acquired Vero Business Capital and Foley Business Capital, which are both freight factoring companies.
“We’re excited to welcome Vero and Foley and their customers to the Love’s Family of Companies,” Shane Wharton, president of Love’s, said. “This transaction aligns with our strategic vision of growing our financial services business. We look forward to continuing the Vero and Foley commitment to serving their customers with value-added factoring services while combining that commitment with the entire suite of Love’s products and services.”
Love’s is a nationwide network of travel stops with more than 520 locations and 390 truck service centers, including Love’s Truck Care and Speedco. Through its financial services company, Love’s Financial, the company provides recourse and non-recourse freight factoring.
