Altisource Portfolio Solutions Acquires Granite Loan Management

Trustar Bank Acquires Granite Mortgage, LLC

November 4, 2020

Financial Services

Trustar Bank has acquired Fairfax-based Granite Mortgage, LLC, making Granite a wholly owned subsidiary to enable the bank to launch a full-service residential mortgage business line. The deal expands Trustar's product offerings — including portfolio, jumbo and construction-to-perm loans — and aims to broaden lending across new states and the DC/MD/VA market.

Transworld Systems Inc. Acquires Altisource Portfolio Solutions S.A.'s Financial Services Business

March 29, 2019

Professional Services

Transworld Systems Inc. (TSI) agreed to acquire Altisource Portfolio Solutions S.A.'s Financial Services business, including Nationwide Credit, Inc. (NCI), for $44 million. The deal (a carve-out/divestiture) expands TSI's accounts receivable management and customer-relationship-management capabilities and grows its global operations (U.S., India, Philippines), adding approximately 2,300 employees.

Granite Construction Acquires Lehman-Roberts Company and Memphis Stone & Gravel

December 5, 2023

Construction

Granite Construction Incorporated (NYSE: GVA) has acquired Lehman-Roberts Company and Memphis Stone & Gravel Company, expanding its materials and paving footprint in the Memphis metropolitan market. The deal adds asphalt plants and sand & gravel mines (with substantial reserves) to Granite’s operations and will be financed with a $150 million term loan plus revolver and cash on hand; the acquired companies’ leadership will remain in place.

Total Lender Solutions Acquires Mortgage Lender Services and Sunrise Assessment

January 30, 2024

Legal Services

Total Lender Solutions (TLS), a San Diego-based nonjudicial foreclosure processor, has acquired the assets of Sacramento-based Mortgage Lender Services and its sister company Sunrise Assessment. The deal expands TLS's geographic footprint in Northern California and Nevada, consolidates foreclosure and assessment processing capabilities, and follows Mortgage Lender Services President Marsha Townsend's planned retirement.

Alera Group Acquires Granite Group Benefits

December 31, 2020

Insurance

Alera Group announced the acquisition of Granite Group Benefits, LLC effective December 31, 2020. Granite Group Benefits, a Manchester, New Hampshire-based employee benefits and risk management firm led by K. Brian McLaughlin, will join Alera’s national platform while continuing to serve clients from its existing team; terms were not disclosed.

Trinity Logistics Acquires Granite Logistics

January 5, 2026

Logistics & Distribution

Trinity Logistics has completed the full acquisition of Granite Logistics, bringing the longtime freight agent partner into its organization and adding two Regional Service Centers in Sartell and Minneapolis, Minnesota. The deal brings approximately 135 team members into Trinity and expands its specialized capabilities in flatbed, over-dimensional, and heavy-haul freight across the Upper Midwest.