Love’s acquires Vero Business Capital and Foley Business Capital
OKLAHOMA CITY, July 1, 2020 – Love’s Financial, a member of the Love’s Family of Companies, announced today that it has acquired two freight factoring companies: Vero Business Capital of Memphis, Tennessee, and Foley Business Capital of Omaha, Nebraska.
“We’re excited to welcome Vero and Foley and their customers to the Love’s Family of Companies,” said Shane Wharton, president of Love’s. “This transaction aligns with our strategic vision of growing our financial services business. We look forward to continuing the Vero and Foley commitment to serving their customers with value-added factoring services while combining that commitment with the entire suite of Love’s products and services.”
Love’s is a nationwide network of travel stops with more than 520 locations and 390 truck service centers, including Love’s Truck Care and Speedco. Through its financial services company, Love’s Financial, the company provides recourse and non-recourse freight factoring solutions with any number of added services for customers such as fuel and tire discounts, My Love Rewards points and no fee credit lines on Love’s Express for fuel, tires, maintenance, cash advances and in-store purchases.
Love’s Travel Stops & Country Stores is the nation’s industry-leading travel stop network with more than 520 locations in 41 states. Founded in 1964 and headquartered in Oklahoma City, the company remains family-owned and operated and employs more than 26,000 people. Love’s provides professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, fresh coffee, restaurant offerings and more. Love’s has more than 390 truck service centers, which include on-site and stand-alone Speedco and Love’s Truck Care locations. Love’s and Speedco combined is the largest oil change, preventive maintenance and total truck care nationwide network. Love’s is committed to providing customers with “Clean Places, Friendly Faces” at every stop. To learn more, visit loves.com.