Inverness Graham Acquires Concord Servicing; Balance Point Provides Financing
February 15, 2022
Inverness Graham has invested in Concord Servicing Corporation, partnering with the company's founding owners to support scaling of its loan servicing and SaaS platform. Balance Point Capital provided a creative financing solution to facilitate Inverness Graham's acquisition; Concord remains headquartered in Scottsdale, Arizona and serves originators, lenders and capital providers across end markets including home improvement, solar/energy efficiency and vacation ownership.
- Buyers
- Inverness Graham, Balance Point Capital Advisors (Balance Point Capital Partners V, L.P.)
- Targets
- Concord Servicing Corporation
- Sellers
- Founding owners
- Industry
- Financial Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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Inverness Graham Acquires Concord Servicing
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Inverness Graham, a private investment firm based in Wayne, Pennsylvania, has acquired Concord Servicing Corporation, a Scottsdale, Arizona–based provider of loan servicing and custom financial technology solutions serving the solar, home efficiency and vacation loan markets. The deal is the fourth platform investment for Inverness Graham IV; financial terms were not disclosed.
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