Stone Point Recapitalizes First Associates and Combines It with Portfolio Financial Servicing Company (PFSC)
July 16, 2019
Funds managed by Stone Point Capital acquired a majority interest in First Associates Loan Servicing and will combine its operations with Stone Point portfolio company Portfolio Financial Servicing Company (PFSC) to form a larger loan- and lease-servicing platform. The transaction is a recapitalization intended to expand servicing capabilities across consumer and commercial loan markets and accelerate growth through combined technology, capital-markets and compliance expertise.
- Buyers
- Stone Point Capital LLC (funds managed by)
- Targets
- First Associates Loan Servicing, LLC
- Platforms
- Portfolio Financial Servicing Company (PFSC)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Recapitalization
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