OTR Solutions acquires CCT transportation factoring portfolio

US freight-factoring provider OTR Solutions has acquired CCT Factoring’s transportation portfolio, marking its second factoring-book acquisition in less than a year and extending its customer base across the trucking sector.

The transaction, announced on 7 October, transfers CCT’s transportation factoring clients to OTR while allowing CCT’s parent, Coeur Capital, to concentrate on financing businesses outside the sector.

The companies did not disclose the purchase price, the value of receivables covered by the portfolio or the number of customers involved.

OTR said the transaction and migration of services were completed less than three months after the signing of a letter of intent.

A central feature of the deal is the continuity of financing arrangements for existing customers. OTR said incoming clients would retain their current factoring contracts, rates and programmes, rather than having to negotiate new terms as part of the transfer.

Clients will also be able to access OTR’s digital invoice-submission and account-management systems. The company said its platform offers near-instant invoice approvals and the ability to receive funding into an existing bank account.

The acquisition is significant in a sector where cash flow can depend heavily on the interval between completing a haulage job and receiving payment from a freight broker or customer.

Factoring allows carriers to obtain funding against invoices rather than waiting for the original debtor to pay. For smaller operators, continuity of those arrangements can be important when meeting fuel, maintenance, insurance and payroll obligations.

OTR chief operating officer Grace Maher said the transition had been structured around maintaining existing funding terms while expanding clients’ access to digital services.

Coeur Capital said the sale would allow it to devote more resources to general factoring and asset-based lending. The company serves small and medium-sized businesses through a range of commercial finance products.

The transaction follows OTR’s acquisition of TruckSmarter’s factoring and banking portfolio in November 2025.
Together, the two deals indicate that OTR is pursuing expansion through the purchase of established factoring relationships alongside investment in its technology platform.

The absence of disclosed financial terms limits any assessment of the acquisition’s scale. Nevertheless, the deal provides a fresh example of consolidation in specialist receivables finance, with client continuity and funding technology central to the buyer’s strategy.