Move adds 3,400 customers and strengthens services for trucking fleets nationwide.
Love’s Financial has acquired three freight factoring providers, TBS Factoring Service, Saint John Capital, and Financial Carrier Services; serving small- to mid-sized trucking fleets. The companies, based in Oklahoma City, Chicago, and Charlotte, bring approximately 3,400 new customers to the retailer’s financial arm.
“Love’s is committed to growing strategically as a trusted partner to meet professional drivers, owner-operators and fleets where they are, and providing fast and reliable freight factoring services is an important part of that vision,” said Shane Wharton, Love’s president. “We’re excited to welcome our new customers and Love’s Financial team members while learning from their factoring experience.”
Customers will continue to receive uninterrupted funding and gain access to additional benefits through the chain’s nationwide network of travel stops, including fuel discounts and a no-fee credit line via Love’s Express Billing card program. They may also qualify for discounts at Love’s Truck Care locations, which offer tires, roadside assistance, light mechanical services, and preventive maintenance.
Love’s, headquartered in Oklahoma City, operates 669 travel stops in 42 states and employs nearly 40,000 team members across North America and Europe.