ECN Capital to buy PE-backed Service Finance for $410 mln: Reuters
Canadian commercial financing company ECN Capital Corp said it would buy U.S.-based Service Finance Holdings LLC for $410 million (US$304 million) in cash, Reuters reported. The deal is expected to close in the third quarter. ECN Capital offers financial services to rail and commercial aviation markets, while Service Finance lends for home improvement projects in the United States. Founded in 2004, Boca Raton, Florida-based Service Finance is a portfolio investment of U.S. private equity firm Flexpoint Ford. Flexpoint has held a minority equity stake in the company since 2015.
9 June 2017•1 min read
