Latest news with #ApexCapital
National Post
21-05-2025
- Business
- National Post
Apex Capital Corp Joins Transflo's Workflow AI Ecosystem to Enhance Factoring Automation and Client Service
Article content TAMPA, Fla. — Transflo today announced that Apex Capital Corp ('Apex'), a leading global provider of freight factoring services, has joined the Transflo Workflow AI Ecosystem to streamline the processing and auditing of incoming documents. This partnership marks a key step in Apex's continued commitment to delivering a faster, more efficient experience for its clients. Article content Article content With Apex now part of the Transflo ecosystem, nearly 50% of transportation factoring companies leverage Transflo Workflow AI. Article content 'We're thrilled to welcome Apex Capital Corp to the Transflo network,' said Renee Krug, CEO of Transflo. 'Expanding our ecosystem with leading factors and brokers strengthens the reach of our network, which ultimately drives greater efficiency and value for all participants—factors, brokers, carriers, and shippers alike.' Article content Transflo's Workflow AI is the industry's next-generation platform for automating factoring operations, helping transportation companies boost productivity and reduce manual processing. Article content Transflo is the trusted industry leader in mobile, telematics, and business process automation solutions for the transportation industry in North America. Transflo's customer-focused mobile and cloud-based technologies deliver real-time communications to fleets, brokers, factors, shippers, and commercial vehicle drivers, and digitize 800 million shipping documents a year, representing approximately $115 billion in freight bills and more than 3.2 million downloads of the Mobile+ app. Article content About Apex Capital Corp Article content Founded in 1995, Apex Capital is a full-service freight factor that specializes in small to medium-sized trucking companies. Apex is the leading freight factoring company for the trucking industry. Apex buys freight bills and provides industry recognized customer service, credit checks, 24-7 factoring, the blynk® digital payment platform, a Mobile Factoring® app, a free load board, the Apex Fuel Card and many other benefits to its clients. Article content Article content Article content Article content
Yahoo
30-04-2025
- Business
- Yahoo
Apex Capital buys majority of Mexican-style foods business Juanita's Foods
Private-equity firm Apex Capital has acquired a majority stake in California-based Mexican-style foods business Juanita's Foods. The financial details of the transaction have not been disclosed. The De La Torre family, who founded Juanita's Foods in 1946 in Wilmington, will retain a 'significant' ownership interest and remain involved in the business, a statement announcing the deal read. Juanita's Foods offers a range of shelf-stable Mexican staples including menudo, pozole, hominy, albondigas and nacho cheese. CEO Aaron De La Torre said: 'This partnership strengthens our commitment to expanding Juanita's into new markets and categories. 'Apex Capital brings the expertise and resources needed to support our continued growth while preserving our dedication to our employees and customers. Together, we will drive long-term value and innovation.' Apex Capital is part of Grupo Mariposa-Apex, a Latin American conglomerate, which has interests in food and beverages and operates across 16 countries. Commenting on the deal, Apex Capital managing partner Pedro Palma said Juanita's Foods 'deeply resonates with Hispanic consumers in the US and aligns with our values'. 'This investment is a strong fit with our strategy of nurturing heritage Hispanic brands with high growth potential, guided by a focus on operational excellence and sustainable value creation,' Palma added. Grupo Mariposa has a number of investment vehicles through which it backs companies. In October, another investment arm, Bia Foods, acquired a stake in US-based Badia Spices. Bia Foods was set up by food and beverage conglomerate Grupo Mariposa in 2017. It launched the private investment arm to buy food businesses in the US, Mexico and Latin America and has made a number of acquisitions. The Mexican and, more broadly, Hispanic foods sector in the US has proved attractive to corporate interest in recent quarters. Perhaps most notably, last October also saw PepsiCo buy Mexican-American snacks maker Siete Foods for a fee of $1.2bn. "Apex Capital buys majority of Mexican-style foods business Juanita's Foods" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Wilmington-based Mexican food brand Juanita's Foods sells majority stake to private equity firm
Juanita's Foods, a prominent manufacturer of Mexican food products, announced it had sold a majority stake in the company to Miami-based private equity firm Apex Capital. Financial terms were not disclosed. Founded in 1946 in Wilmington, Juanita's Foods is the nation's top seller of canned Mexican food staples, from pozole to menudo. The company employs 160 people. Its popular shelf-stable products are "crafted to deliver the rich, homemade taste of traditional Mexican cooking with modern-day convenience," according to a Friday news release. Juanita's Foods was previously helmed by third-generation family owners, the De La Torres, who will retain partial ownership and will remain involved in business operations. "Apex Capital brings the expertise and resources needed to support our continued growth while preserving our dedication to our employees and customers. Together, we will drive long-term value and innovation," Aron De La Torre, chief executive of Juanita's Foods, said in the statement. Read more: 'Why Costa Mesa? Why not Santa Ana?' A buzzy mercado reflects a changing O.C. Lloyd Greif, chief executive of Los Angeles investment banking firm Greif & Co., who represented the family owners, said the sale was part of an estate planning process to secure the future of the business. "The company is growing, and it's growing by double digits," Greif said, adding that the fact that the deal closed during a period of such intense market volatility "speaks to the quality of the asset." Juanita's Foods is the nation's top seller of canned menudo — a traditional Mexican soup made from cow tripe — boasting more than 95% market share. "It is a closely guarded family recipe that has been handed down through the generations," Greif said, adding that focus group data showed the brand's canned products were "just as good as homemade." Apex Capital plans to keep manufacturing in California, Greif said. Read more: Comfort in a bowl: Menudo, pozole and tortilla soup Pedro Palma, managing partner at Apex Capital, called the investment a "strong fit with our strategy of nurturing heritage Hispanic brands with high growth potential, guided by a focus on operational excellence and sustainable value creation.' The private equity firm's focus on investing in Latino brands, Greif said, is driven in part by the nation's large and fast-growing Latino population. "Hands down, Latino growth wins," the executive said. Apex Capital is affiliated with Grupo Mariposa, a Guatemalan food and beverage conglomerate just beginning to break into the U.S. market. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Sign in to access your portfolio
Los Angeles Times
28-04-2025
- Business
- Los Angeles Times
Wilmington-based Mexican food brand Juanita's Foods sells majority stake to private equity firm
Juanita's Foods, a prominent manufacturer of Mexican food products, announced it had sold a majority stake in the company to Miami-based private equity firm Apex Capital. Financial terms were not disclosed. Founded in 1946 in Wilmington, Juanita's Foods is the nation's top seller of canned Mexican food staples, from pozole to menudo. The company employs 160 people. Its popular shelf-stable products are 'crafted to deliver the rich, homemade taste of traditional Mexican cooking with modern-day convenience,' according to a Friday news release. Juanita's Foods was previously helmed by third-generation family owners, the De La Torres, who will retain partial ownership and will remain involved in business operations. 'Apex Capital brings the expertise and resources needed to support our continued growth while preserving our dedication to our employees and customers. Together, we will drive long-term value and innovation,' Aron De La Torre, chief executive of Juanita's Foods, said in the statement. Lloyd Greif, chief executive of Los Angeles investment banking firm Greif & Co., who represented the family owners, said the sale was part of an estate planning process to secure the future of the business. 'The company is growing, and it's growing by double digits,' Greif said, adding that the fact that the deal closed during a period of such intense market volatility 'speaks to the quality of the asset.' Juanita's Foods is the nation's top seller of canned menudo — a traditional Mexican soup made from cow tripe — boasting more than 95% market share. 'It is a closely guarded family recipe that has been handed down through the generations,' Greif said, adding that focus group data showed the brand's canned products were 'just as good as homemade.' Apex Capital plans to keep manufacturing in California, Greif said. Pedro Palma, managing partner at Apex Capital, called the investment a 'strong fit with our strategy of nurturing heritage Hispanic brands with high growth potential, guided by a focus on operational excellence and sustainable value creation.' The private equity firm's focus on investing in Latino brands, Greif said, is driven in part by the nation's large and fast-growing Latino population. 'Hands down, Latino growth wins,' the executive said. Apex Capital is affiliated with Grupo Mariposa, a Guatemalan food and beverage conglomerate just beginning to break into the U.S. market.
