Mortgage Connect Acquires ADFITECH

March 9, 2022

Mortgage Connect LP has acquired ADFITECH, Inc. for approximately $29 million in cash, with ADFITECH to become a subsidiary and cease trading on the OTC market. The acquisition expands Mortgage Connect’s life-of-loan and capital markets capabilities by adding ADFITECH’s mortgage quality control, due diligence, fulfillment, and document management services while retaining ADFITECH leadership and staff.

Buyers
Mortgage Connect LP
Targets
ADFITECH, Inc.
Sellers
ADFITECH stockholders
Location
Oklahoma, United States
Transaction Type
Buyout

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