Management-Led Investor Group Acquires DolEx Dollar Express from Palladium Equity Partners
January 27, 2020
Palladium Equity Partners has completed the sale of the parent company of DolEx Dollar Express, Inc. to a group of investors that includes company management. DolEx, a Duluth, Georgia-based provider of remittance and retail financial services operating roughly 525 branches and over 2,700 agent locations across the U.S., Puerto Rico, U.S. Virgin Islands and Europe, was sold with terms undisclosed; Stephens Inc. advised DolEx while Advanced Capital Partners advised the acquiring investors.
- Buyers
- Group of investors including management
- Targets
- DolEx Dollar Express, Inc.
- Sellers
- Palladium Equity Partners, LLC
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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