Genesis Credit Acquires Tidewater Credit

April 28, 2020

Genesis Credit, a brand of Genesis Financial Solutions, has acquired Tidewater Credit (TWC) and its private-label merchant relationships. The acquisition consolidates Genesis Credit's position in near-prime/private-label second-look consumer financing and will migrate TWC’s retail partnerships to GFS platforms; terms were not disclosed and TWC’s CEO Nathan Benson will remain as a short-term consultant during the transition.

Buyers
Genesis Credit (a brand of Genesis Financial Solutions)
Targets
Tidewater Credit (TWC)
Location
Virginia, United States
Transaction Type
Buyout

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