Rev Capital, the leading provider of factoring & cashflow financing in Canada and the United States, has acquired Royal Financial Corp, specialists in transportation factoring for companies with large fleet operations.
The consolidation of front-facing resources will provide new and existing clients of Royal Financial Corp. access to state-of-the-art, industry leading online account management optimized for the needs of the fast-moving factoring industry and scalable to the needs of larger fleets, with room to grow. With this acquisition, Rev Capital further extends its reach into the Canadian market and bolsters its already leading position in transportation factoring across Canada.
“Joining Rev Capital is the best way for us to continue our commitment to best-in-class customer satisfaction and ease-of-use and we’re excited about both the direction we’ll be heading in and the room for continued growth,” said Peter Baron, President of Royal Financial Corp.
Loren Shifirin, CEO of Rev Capital echoes the sentiment: “Royal Financial Corp. has some of the highest client retention rates in the business and we’re excited about pairing some of the best customer service in the industry with the best account management tools in the industry.”
This is one of a series of recent acquisitions by Rev Capital and solidifies its position as a leader in the factoring industry. Growth by acquisition is very much an integral part of Revolution’s growth model and the acquisition of Royal Financial Corp. 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.