REV Capital celebrates another record-breaking year despite the overall state of the economy, societal pressures and divides caused by the pandemic, and a fundamental reimagining of the modern workplace.
The entire team at REV Capital was able to pull together and achieve an outstanding level of growth in 2021. Year-over-year, REV saw the portfolio increase by 62% along with revenue growth of 94%, despite significant challenges posed by increasing competition and serious rate depression.
The company finalized the strategic acquisition of Grand Financial NY, establishing a presence in the Eastern US Market. The New York office is continuing to expand its presence in the staffing and transportation industries, with Jacob Ross overseeing business development and local operations.
After more than a year of pandemic-plagued construction, REV completed the buildout of its state-of-the-art headquarters in Woodbridge, Ontario. The new facility has multiple boardrooms, meeting rooms, prayer room, fully equipped gym, working kitchen, and a 1,000 sqft lounge with TV, video games, board games, and a pool table.
REV Capital established a foothold in the US Mid-West by opening an office in Overland Park, Kansas and appointing Davinder Singh as Executive Vice President in charge of strategic growth and midwestern expansion. Davinder is a transportation industry veteran, well-respected and known in the community, and an absolute asset to the company. There is no doubt that he and his team will play key roles in the continued future success of the company.
In November, REV Capital sponsored the 9th Annual Asset Management Industry Hold’Em For Life Charity Challenge by donating $50,000 to sponsor an Oncology Fellowship and helped to raise $1,500,000 that directly benefited the University of Toronto’s Faculty of Medicine, Mount Sinai Hospital, and Princess Margaret Cancer Centre.
The company closed the year with the acquisition of Growth Capital, and the appointment of Nelko Mohlyanov as Senior Vice President Business Development. Growth Capital, Nelko, and his team, established themselves as leaders in providing customer-focused cashflow solutions to the transportation industry. These additions to our team and portfolio help to solidify REV’s position as the market leader in the transportation factoring industry.
2021 was in many ways a landmark year for the company as it represents the beginning of a long journey to become the leading choice for factoring in Canada and the United States. REV Capital was successful in improving upon the foundation that was already built, while establishing a clear road map for the future. Next year will bring with it even more growth, acquisitions, diversification, charitable contribution, and market expansion.