Franklin BSP Realty Trust Acquires Capstead Mortgage Corporation in Merger

Franklin BSP Realty Trust Acquires NewPoint Holdings JV L.L.C.

July 1, 2025

Financial Services

Franklin BSP Realty Trust, Inc. (FBRT) has closed its acquisition of NewPoint Holdings JV L.L.C. (NewPoint) for $425 million. The deal expands FBRT's multifamily and agency lending capabilities, adding NewPoint's commercial real estate lending platform to FBRT's debt origination and servicing business.

Ready Capital Corporation to Merge with Broadmark Realty Capital

February 27, 2023

Financial Services

Ready Capital Corporation and Broadmark Realty Capital have entered into a definitive merger agreement under which Broadmark will merge with Ready Capital. Following the merger, Ready Capital is expected to operate as the combined company under the name “Ready Capital Corporation,” with Broadmark stockholders receiving Ready Capital shares and expected to own about 36% of the combined company.

CAPTRUST Acquires $5 Billion Boston Financial Management

November 29, 2024

Wealth Management

CAPTRUST Financial Advisors has acquired Boston Financial Management, adding nearly $5 billion of client assets and 45 colleagues across Boston, Cape Cod (Massachusetts) and Portland (Maine). As part of the transaction BFM founder Richard H. Morse will retire; Berkshire Global Advisors served as BFM's financial advisor.

Community National Bank & Trust of Texas Acquires CapTex Bank

July 6, 2025

Financial Services

Community National Bank & Trust of Texas (CNB&T) completed the acquisition of CapTex Bank, adding five branches in Fort Worth, Bonham, Leonard, Melissa and Trenton and expanding CNB&T's Texas footprint to 18 branches. The deal increases CNB&T's assets to approximately $1.7 billion, broadens its retail and commercial banking capabilities (including wealth management and mortgage origination), and was supported by SRM Corp as strategic advisor.

Bridge Investment Group Acquires 60% of Gorelick Brothers Capital and Recapitalizes SFR Portfolio

January 31, 2022

Real Estate

Bridge Investment Group Holdings Inc. acquired a 60% stake in Charlotte-based Gorelick Brothers Capital, LLC and its asset & property management business for $50 million, funded with approximately 50% cash and 50% units. Concurrently, Bridge-sponsored fund vehicles completed a $660 million recapitalization of the single-family rental (SFR) portfolio of more than 2,700 homes across 14 U.S. markets; the GBC team has joined Bridge to launch an SFR strategy on Bridge's platform.

Franklin BSP BDCs Acquire Encina Equipment Finance

January 5, 2022

Financial Services

Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, BDCs advised by Benefit Street Partners, acquired substantially all equity interests of Encina Equipment Finance, LLC. Encina will remain headquartered in Westport, Connecticut with management, including CEO Rick Matte, continuing to lead the business and retaining a minority stake; the acquisition provides a permanent capital base to support growth of Encina's equipment finance platform across the U.S. and Canada.