Accutrac Capital, a specialized freight bill factoring company, has officially acquired the assets of Sienna, a transportation finance company based in Paramus.
The move will officially establish Accoutrac’s physical presence on the East Coast.
Accoutrac’s specialty is factoring the costs for the trucking industry, including discount fuel cards and equipment financing. Though much of its business is done online, Accoutrac hopes the new regional office will help the company better serve its clients around New Jersey, New York and beyond.
“The organization is built around a team of transportation experts,” President Charles Sheppard said. “We have trucking companies and freight brokers spread across the country and into Canada, but our regional offices have been limited to the western and northern territories. With our new location in New Jersey, we now have a closer relationship with our eastern customers.”