Ellpis Trucking

In 2018, TriVergent Capital Group formed a strategic partnership with Ellpis Trucking with the aim of effectively managing their assets, reducing their debt service, and eliminating their debt from over $900,000 to zero, leading to the closure of the business. By utilizing Ellpis's tangible assets to secure revenue streams, this partnership streamlined and enhanced the process of assisting Ellpis Trucking in winding down their operations. Such partnerships are typically employed to substantially alleviate a company's debt burden. 

This type of partnership is more commonly used to reduce a company's debt burden significantly.  By managing assets effectively and leveraging hard assets to secure revenue lines, TriVergent Capital Group partnerships help companies streamline their operations and improve their financial positions.

Overall, this kind of collaboration and financial restructuring can be beneficial for businesses facing financial challenges, as it can help them reduce debt, optimize asset management, and ultimately work towards a more sustainable and profitable future.