Unlocking Growth Potential: Fourshore Partners Acquires Power Funding to Expand Factoring Services

Introduction:

In a strategic move to tap into the potential of the oil & gas and transportation industries, Fourshore Partners has announced its acquisition of Power Funding. This acquisition will enable Fourshore to offer working capital solutions and factoring services to small- and medium-sized businesses operating in these sectors. With a commitment to providing immediate working capital, Power Funding has established a reputation as a premier factoring company with long-standing customer relationships.

Power Funding's Unique Factoring Approach:

Power Funding distinguishes itself by offering working capital to the oil & gas and trucking industries through the purchase of invoices at a discounted rate. This approach enables small- and medium-sized businesses to access immediate cash flow while maintaining a healthy business cycle. The company's quick decision-making process and local presence provide its customers with unmatched flexibility and uninterrupted cash flow. By positioning itself as a long-term partner to its clients, Power Funding aims to empower businesses in these industries to fuel their growth.

Fourshore Partners' Vision:

The acquisition of Power Funding aligns perfectly with Fourshore Partners' vision to invest in companies at critical junctures and deliver high-quality services to industries that have historically faced challenges in accessing traditional sources of capital. Pedro Freyre, a partner at Fourshore, emphasized the importance of this investment opportunity, stating that it is not every day that such a chance arises. With a deep understanding of Power Funding's business model, Fourshore is well-positioned to lead the company towards a new era of growth and establish its dominance as a leader in alternative banking solutions in the asset-based lending (ABL) and factoring industry.

Power Funding's Expertise:

For almost two decades, Power Funding has been a leader in cash flow financing. Specializing in factoring services, the company focuses on providing tailored solutions to meet the unique needs of businesses in various sectors, including OTR Trucking, Oilfield Trucking and Service, Drayage, Staffing, Welding, PACA, and more. By delivering exceptional service and empowering their clients with the necessary financial resources, Power Funding lives up to its motto of "Giving You the POWER to Grow."

About Power Funding:

Established in 2001, Power Funding LTD has solidified its position as a trusted partner for businesses seeking cash flow financing. By leveraging factoring services, the company supports the growth ambitions of its clients across different industries. Power Funding's diverse portfolio includes OTR Trucking, Oilfield Trucking and Service, Drayage, Staffing, Welding, PACA, and more. With a commitment to empowering businesses, Power Funding provides the financial resources necessary for sustained growth.

About Fourshore Partners:

Fourshore Partners is a Miami-based private equity firm specializing in lower middle market buyouts in the United States and the Caribbean. The company's primary focus is on companies generating between $2 million and $15 million of EBITDA, with enterprise values ranging from $10 million to $75 million. With a track record of successful investments, Fourshore Partners aims to unlock the potential of businesses in key sectors and facilitate their growth.

Conclusion:

The acquisition of Power Funding by Fourshore Partners creates an exciting opportunity for businesses operating in the oil & gas and transportation industries. By combining the expertise of both entities, Fourshore will be able to offer enhanced factoring services and working capital solutions to small- and medium-sized businesses. This strategic move reinforces Fourshore's commitment to supporting industries that have historically faced challenges accessing traditional forms of financing. As Power Funding continues to empower businesses with its "Power to Grow" approach, Fourshore Partners is poised to lead the alternative banking solutions space in the ABL and factoring industry.