Cornell Capital Acquires Spectrum Automotive Holdings Corp.
October 11, 2019
Cornell Capital LLC has acquired Spectrum Automotive Holdings Corp. from Southfield Capital; terms were not disclosed. Spectrum, headquartered in Fairfield, New Jersey, is an agent, marketer and administrator of finance and insurance (F&I) products serving more than 1,400 dealers, OEMs and administrators across the U.S. Southfield Capital had owned Spectrum since 2015 and the management team will remain as significant shareholders alongside Cornell Capital.
- Buyers
- Cornell Capital LLC
- Targets
- Spectrum Automotive Holdings Corp.
- Sellers
- Southfield Capital
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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