North State Acceptance (“North State” or “NSA”), portfolio company of Fourshore Partners (“Fourshore”) announced today a loan portfolio acquisition from a premier specialty finance company that provides auto and personal loans throughout eastern North Carolina.

NSA is a leading provider of indirect subprime auto financing and direct consumer loans, enabling emerging credit consumers in the Southeast to purchase automobiles or obtain financing through a network of dedicated independent auto dealers. Led by long-term industry veterans, North State utilizes an effective business model leveraging branch locations to ensure rigorous underwriting, efficient servicing and collections, and attractive asset and financial performance through multiple economic cycles.

This loan portfolio acquisition gives us an opportunity to expand our offering to the Shallotte and Morehead City areas and expand our network in a highly attractive geography,” said Jim Ratcliff, CEO of NSA. He added that, “NSA is looking forward to partnering with the high quality and experienced associates that came with the portfolio in continuing to provide the world class service that NSA has offered to its customers since 1997.”

The transaction was led by Jim Ratcliff and David Farmer at NSA, and by Pedro Freyre and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to NSA and Fourshore. Banc of California, NSA’s senior lender, provided the financing for this transaction.

About North State Acceptance

North State Acceptance is a specialty finance company headquartered in Raleigh, NC with branches in North Carolina, South Carolina, and Tennessee. The Company works directly with independent auto dealerships across these states by offering flexible and competitive financing plans.

http://northstateacceptance.com/

About Fourshore Partners

Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m.

https://fourshorecapital.com/private-equity

View source version on businesswire.com: https://www.businesswire.com/news/home/20250903194584/en/

This loan portfolio acquisition gives us an opportunity to expand our offering to the Shallotte and Morehead City areas and expand our network in a highly attractive geography,” said Jim Ratcliff, CEO of NSA.