Announced
Completed
Synopsis
Altamont Capital Partners, a private equity firm focused primarily on making long term, control investments in middle market businesses, completed the investment in Kinetic Advantage, a newly-formed auto floorplan financing company. Financial terms were not disclosed. "We were impressed by the vision that Marty and his team discussed in our initial dialogue and are thrilled to partner with Kinetic. We have deep familiarity with floorplan financing through our prior investment activity and current portfolio, and recognize the clear market need for a true partner to dealers that will provide transparent pricing, a hassle-free collateral audit process and technology solutions that deliver a more streamlined experience," Keoni Schwartz, Altamont Managing Director.
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