Cerberus Affiliate Acquires Spring EQ to Join Residential Opportunities Platform
December 18, 2023
An affiliate of Cerberus Capital Management has completed the acquisition of Spring EQ, a U.S. home equity lender. Spring EQ will join Cerberus' Residential Opportunities platform and continue to be led by founder and CEO Jerry Schiano, with Cerberus supporting technology investment, commercial growth, and operational initiatives.
- Buyers
- Cerberus Capital Management, L.P., Cerberus Residential Opportunities (affiliate / platform)
- Targets
- Spring EQ
- Platforms
- Cerberus Residential Opportunities
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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