M&A Deal Summary

Altisource Portfolio Solutions Acquires CastleLine Holdings

On July 23, 2015, Altisource Portfolio Solutions acquired financial services company CastleLine Holdings

Acquisition Highlights
  • This is Altisource Portfolio Solutions’ 2nd transaction in the Financial Services sector.
  • This is Altisource Portfolio Solutions’ 5th transaction in the United States.
  • This is Altisource Portfolio Solutions’ 1st transaction in New York.

M&A Deal Summary

Date 2015-07-23
Target CastleLine Holdings
Sector Financial Services
Buyer(s) Altisource Portfolio Solutions
Deal Type Add-on Acquisition

Target

CastleLine Holdings

New York, New York, United States
website
CastleLine Holdings LLC is a provider of financial products and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages.

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Buyer(S) 1

Buyer

Altisource Portfolio Solutions

Luxembourg, Luxembourg

website


Category Company
Founded 1999
Sector Business Services
Employees2,726
Revenue 366M USD (2020)
DESCRIPTION

Altisource Portfolio Solutions provides services to some of the most respected organizations in their industries, including one of the nation’s largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services companies and hedge funds across the country. Altisource Portfolio Solutions was founded in 1999 and is based in Luxembourg City, Luxembourg.


DEAL STATS #
Overall 5 of 7
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 5 of 7
State (New York) 1 of 1
Country (United States) 5 of 7
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Owners Advantage

San Francisco, California, United States

Owners.com is an online platform for buying and selling residential real estate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 REIsmart

Westminster, Colorado, United States

REIsmart LLC (dba Investability) is an online residential real estate search and acquisition platform that utilizes data and analytics to allow real estate investors to access the estimated cash flow, capitalization rate, net yield and market value on properties for sale in the United States.

Buy -