Greyhawk Capital Management-backed Foley sold Foley Business Capital to Vero Business Capital.

Greyhawk Capital Management-backed Foley sold Foley Business Capital, a leader in the freight factoring industry, to Vero Business Capital, a leading transportation factoring provider. Financial terms were not disclosed. Foley Holdings' Chief Executive Officer Joel Sitak remarked, "Today's announcement marks a significant milestone for Foley Holdings, Foley Business Capital and Vero, creating value for our shareholders and representing an outstanding opportunity for Foley Business Capital employees to join a leading company in the Factoring sector. We are confident it will continue to thrive under Vero leadership."