Concord Servicing Acquires Equiant Financial Services
August 30, 2023
Concord Servicing, a portfolio company of Inverness Graham, has acquired Equiant, a Chandler, Arizona-based loan servicer with a $1.5 billion loan portfolio and more than 175,000 consumer loans. Balance Point Capital Advisors provided follow-on financing to Concord to facilitate the transaction; terms were not disclosed.
- Buyers
- Concord Servicing, Inverness Graham Investments, Balance Point Capital Advisors
- Targets
- Equiant Financial Services
- Platforms
- Concord Servicing
- Industry
- Financial Services
- Location
- Arizona, United States
- Transaction Type
- Addon
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