AFEX to acquire PE-backed payment and FX specialist Jameson Bank
Jameson Bank, a Toronto-based specialist in foreign exchange and payment services, has agreed to be acquired by U.S.-based financial services company AFEX. The financial terms of the deal, expected to be close in the second quarter, were not disclosed. Founded in 1989, Jameson Bank provides services to nearly 4,000 businesses in Canada and the United States. It is a portfolio investment of John Rochon of Richmont Holdings, a family-owned firm that makes investments in operating companies, investment vehicles and other opportunities. Richmont is based in Plano, Texas.
10 April 2014•3 mins read
