Private equity firm Fourshore Partners acquired Power Funding, a Houston-based working capital provider to staffing, trucking and other industries. The deal was announced Dec. 29, 2023.

“We are excited to partner with Fourshore, whose team has a deep understanding of Power Funding’s business model,” Power Funding CEO Dominique Villarreal said in a press release. 

The transaction was led by Fourshore Partners’ principals, Jose Costa and Milos Milosevic, and partner Pedro Freyre.

“An opportunity to invest in a company that’s at an inflection point and that provides high-quality service to industries that have been neglected by the traditional sources of capital doesn’t come across often,” Freyre said in a press release. “Fourshore’s and management’s vision for the future of Power aligned perfectly from the get-go.”

Miami-based Fourshore Partners, founded in 2017, focuses on lower-middle-market buyouts in the US and Caribbean.

SIA has reached out for more information.