nFusion Capital sold its transportation factoring portfolio to a provider of factoring services for motor carriers and owner-operators. This strategic decision will enable the company to focus on growing their core portfolios of general factoring and asset-based lending.
“At nFusion Capital, we pride ourselves on delivering best-in-class products and customer service,” Jason Lippman, CEO of nFusion Capital, said. “With the transportation industry facing significant headwinds and a need to invest considerable resources to continue delivering best-in-class service for transportation clients, we made the decision to divest the portfolio.”
In searching for a buyer, nFusion Capital said they only considered acquirers with a similar client service commitment to ensure companies would continue to have a financing partner vested in their success. The chosen company – a commercial finance company exclusively focused on transportation factoring with a substantial track record in the industry – is among the best and offers complementary products such as load boards, fuel discounts and so forth.
“We know business owners and referral sources have choices in a lending partner and we want to assure clients we are giving you our 100% focus and attention, as well as speed, convenience and transparency,” Lippman said.
