Raphael Fahrwald

Ervin M. Terwilliger

COLUMBIA, MARYLAND, USA, August 15, 2024 /EINPresswire.com/ – Tower Partners, a lower middle market investment bank focused on family, founder and entrepreneurial companies, today announced that it has successfully completed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division of Love’s Travel Stops.

REV, long known for its expertise in cash flow management for a broad range of companies in need of working capital, has sold its US transportation portfolio to Love’s Financial. For REV, the sale is part of a new go-to-market strategy focused on providing leading commercial finance solutions across North America.

“I have worked with the Tower Partners team for years on our U.S. market and buy-side strategy, and their insights and processes have contributed to a valuable outcome for all of REV’s stakeholders and, most importantly, our clients,” said Loren Shifrin, CEO and Founder of REV Capital.

“We are pleased with the sale of REV’s U.S. transportation factoring portfolio to Love’s, which will help REV reposition itself in the U.S. market,” said Raphael Fahrwald, Director of Tower’s Specialty Finance Platform. “The sale allows REV to focus on growth opportunities in high-potential markets.”

Ervin M. Terwilliger, CEO and founder of Tower Partners, said the sale was a perfect match between REV and Love’s.

“We worked closely with REV to determine which buyer would be the best fit given the planned strategic change,” said Terwilliger. “The deal with Love’s enabled a customer-centric solution during the re-orientation of REV’s U.S. strategy.

As part of the acquisition process, over 500 clients from REV Capital’s U.S. transportation factoring portfolio were transferred to Love’s Financial without any disruption or delays in financing.

“These new customers can expect the same world-class customer service that Love’s existing customers have come to expect, with scalable financing to maximize growth and cash flow,” said Shane Wharton, President of Love.

REV was represented by the law firm of Barclay Damon LLP based in Syracuse, NY, while Love’s was represented by McAfee & Taft, a full-service law firm in Oklahoma, and Levinson Arshonsky Kurtz & Komsky, LLP of Sherman Oaks, CA.

Details of the sales were not disclosed.

About REV Capital
REV Capital is a fast-growing factoring company and asset-based lender with multiple offices across North America. The company is a leading provider of trusted, transparent and reliable cash flow solutions that provide financial stability and growth opportunities for its clients. For more information, visit www.revinc.com.

About Love’s
Love’s has been providing fuel to its customers since 1964. Innovation and perseverance continue to guide the family-owned company, headquartered in Oklahoma City and employing more than 40,000 people across North America and Europe. The company’s core business is rest stops and convenience stores, with 649 locations in 42 states. Love’s remains committed to providing products and services that add value to professional drivers, fleets, 4WD customers, RVers, alternative fuel customers and wholesale fuel customers. Giving back to the communities Love’s serves and maintaining an inclusive and diverse workplace are hallmarks of the company’s award-winning culture. To learn more about Love’s, follow us on social media or apply for a job, click here.

About Tower Partners
Tower Partners is the leading private investment bank serving the lower and middle market with a broad range of expertise, from mergers and acquisitions support to strategic advisory, debt placement and special situations. Since its founding in 2008, Tower has completed more than 525 deals and has a broad network of contacts that it can quickly access when deals arise. Tower’s team has completed engagements with a transaction value of more than $15 billion. More information about Tower:
https://www.towerpartners.com/

Bill Atkinson
Atkinson Strategic Comm
+1 443-797-4150
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