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
- Industry
- Financial Services
- Location
- Oklahoma, United States
- Transaction Type
- Buyout
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