We are pleased to announce the opening of EXPRESS FREIGHT FINANCE, an independent factoring company established to provide best-in-class, competitively priced factoring solutions to carrier and broker clients operating in the transportation industry.
Express Freight Finance (or EFF) is led by an experienced executive team with a proven track record of marketing, underwriting, and delivering high quality, customer-focused factoring solutions for small and medium sized trucking companies and freight brokers.
- Dan Hadley, the company’s President, is a seasoned credit and operations executive with significant experience managing factoring portfolios in the trucking sector. Dan was most recently the Senior Portfolio Manager for Summit Financial Resources, and prior to that he was a Portfolio Manager with Transportation Alliance Bank (TAB). In these senior management positions, Dan has been directly responsible for overseeing client portfolios in excess of $100,000,000.
- Brent Gottlieb, the company’s Senior VP for Sales and Marketing, brings 17 years’ experience in sales management and new business development in the transportation factoring market. Brent’s in-depth understanding of both the customer’s working capital requirements and the credit and operational fundamentals of factoring have enabled him to successfully lead and manage the growth of four substantial client portfolios during his career, including at Phoenix Capital, DB Squared, and Olympic Credit Fund.
Capital Base Built for Scale from Experienced Industry Investors
EFF is launching operations with a committed capital base of more than $30 million. These funds make EFF well positioned to: build-out a best-in-class factoring platform, assemble a team of experienced industry professionals, and aggressively grow a portfolio of factoring receivables that can scale with the needs of EFF’s clients. Our mission is to become a recognized and trusted leader in the industry, and our capital base provides us with the resources and staying power to achieve those goals.
EFF’s capital investment is led by Adelphi Capital, a merchant bank with a strong track record of partnering with management teams to build and grow transportation-focused financial services companies. Adelphi was previously the start-up equity investor for two successful freight-bill factoring firms, including: Advance Business Capital (now Triumph Capital) and Seven Oaks Capital. Adelphi is led by its founder, Thomas Donohue, Jr., and his brother John Donohue. The Donohue’s have a long family history with the trucking industry, starting with their father (Thomas Donohue, Sr.) who served for 14 years as the CEO of the American Trucking Associations.
Delivering for the Customer
EFF is keenly focused on delivering fast, reliable factoring solutions to its trucking and broker clients under competitive advance rate and pricing structures. EFF investments in its credit and operations platform will enable: fast underwriting, decisioning, and documentation of new client relationships; high-touch client service and support; on-line connectivity and account transparency; and reliable daily funding transactions. EFF will offer advance rate structures and pricing to our clients which meet or exceed competitive offerings while leveraging our robust factoring “engine” to achieve fast and reliable service that delivers for the customer.
Our motto is: “Cash Flow at the Speed of Your Business”