TORONTO, ON – Dec 9, 2020 – REV Capital, the leading provider of factoring & cashflow financing in Canada and the United States, has acquired Grand Financial Management Inc (GFM), specialists in providing factoring facilities for the Canadian transportation and staffing industries.
The acquisition extends the availability of REV Capital’s transportation factoring and staffing factoring services to an even greater share of the Canadian market and leverages GFM’s highly respected sales team to provide GFM clients with flexible access to a greater amount of funding than previously available in the Canadian transportation factoring space. The move also provides greater adaptability across a rapidly changing environment by providing Canadian transportation companies of varying sizes with a more scalable solution to cashflow bottlenecks.
“We couldn’t be happier about the benefits this will extend to our current clients, and of course, our new ones,” said Michael Rakhnayev, CFO of GFM.
Rakhnayev will also serve as REV’s new Director of Sales & Marketing. “We are confident that under his leadership, the fastest growing factoring company in Canada will be able to retain that title,” said Loren Shifrin, CEO of REV Capital.
This marks one of several recent acquisitions by REV Capital in the last six months and solidifies its position as a leader in the factoring industry. Growth by acquisition is very much an integral part of REV’s growth model and the acquisition of GFM is a strong addition to the company’s portfolio.
REV Capital is a factoring company with headquarters in Woodbridge, ON and a leader in both the Canadian & U.S. factoring industries. They are providers of trustworthy, transparent, and reliable lending which provides clients with financial stability and opportunities for growth.
Grand Financial Management is one of the largest financing and factoring businesses for small- to-medium-sized companies in Canada & the U.S.A. They started out in 2002 as a family business assisting trucking companies with their cashflow requirements. Since then, they’ve expanded rapidly as a trusted factor company, working with clients across the transportation, aerospace, manufacturing, and wholesale sectors and specializing in tailored lending solutions to support client’s financial management and growth.