First Guardian targets factors as part of “aggressive” growth plans
First Guardian Financial Corporation, a small business finance specialist in the US, says it intends to grow aggressively through acquisitions within the finance sector, including the purchase of factoring, lease finance, and debt recovery companies. The company was announcing the completion of a buyout of the remainder of shares in Windsor Capital, a finance and investment consultant. Windsor is now a wholly owned subsidiary of First Guardian. “The company intends to control a (100%) majority interest in all its acquisitions whenever financially possible,” said Abraham Rosenman, president. The factoring industry in the US is worth around $100bn in terms of annual volume, according to figures for 2005. Source: BCR
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