Finance of America Acquires Assets of American Advisors Group (AAG)
December 7, 2022
Finance of America Companies Inc. (FOA) agreed to acquire the assets of American Advisors Group (AAG), a leading direct-to-consumer reverse mortgage lender, in a transaction using a combination of cash and equity. The deal brings AAG's retail direct-to-consumer channel under FOA's Finance of America Reverse subsidiary to expand FOA's home-equity and reverse-mortgage distribution and marketing capabilities.
- Buyers
- Finance of America Companies Inc.
- Targets
- American Advisors Group (AAG)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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