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FORT Capital Resources Acquires Majority Stake in Malartu

July 14, 2021, 07:21 AM
Filed Under: Mergers & Acquisitions

FORT Capital Resources, an independent commercial finance company in Raleigh, NC, has acquired Malartu, Inc., a data analytics and software firm along with its technology portfolio to further enhance the impact of FORTs Integrated Vendor Finance Programs and end-user engagements.

“We are beyond excited about this venture and the merging of our teams,” said Brian Fleming, Managing Member of FORT Capital Resources. “it’s such an awesome combination. Not only does it heighten the impact we have on our clients and partners, it gives us deeper clarity into our own organization, helping us make key strategic decisions to stay on track toward accomplishing our ‘big hairy audacious goals’ along with the goals of our clients and partners. What’s better is the alignment we have on core values and culture. The complimenting skill sets of everyone mesh perfectly.  It’s one of those 1+1 = 4 scenarios and we’re excited. Now it’s about getting it done together.”

By combining the insights and clarity of the Malartu platform with FORT’s proven ability to service commercial finance transactions from $20,000 to more than $10 million, the two plan to produce a sustainable flow of $1 billion in annual transaction volume with a backdrop of gratified clients, partners, and employees in the next five years.

“Brian and the team at FORT have built an impressive commercial finance company. Their unique approach to vendor financing has blazed a new path in the industry and positively transformed the vendors they have partnered with. We couldn’t be more excited to embark on this journey and combine our two platforms. Our collective goal of $1 billion in transaction volume in five years marks an exciting new chapter for our team at Malartu,” said Sean Steigerwald, co-founder at Malartu.

“Combining our existing technology, development methodology and processes with FORT’s capabilities, customer relationships and positioning in the capital markets, is an exciting enhancement to our joint offering and helps us scale at an exponential pace,” said Jon Spinney, co-founder and CEO at Malartu. “We’ve got an ideal jump-off point with a bright future.”

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