M&A Deal Summary

Accord Acquires CapX Partners

On October 27, 2017, Accord acquired financial services company CapX Partners for 9M USD

Acquisition Highlights
  • This is Accord’s 1st transaction in the Financial Services sector.
  • This is Accord’s largest (disclosed) transaction.
  • This is Accord’s 1st transaction in the United States.
  • This is Accord’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-10-27
Target CapX Partners
Sector Financial Services
Buyer(s) Accord
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

CapX Partners

Chicago, Illinois, United States
CapX Partners is a specialty finance company that focuses on companies looking for debt financing in the $2-$20 million range. CapX provides senior loans and leases and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets. CapX Partners was founded in 1999 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Accord

Toronto, Ontario, Canada
Category Company
Founded 1978
Sector Financial Services
Employees103
Revenue 44M CAD (2023)
DESCRIPTION

Accord is a finance company providing distinctive working capital solutions to companies from coast to coast. Accord's versatile finance programs cover the full spectrum of asset-based lending, from factoring and inventory finance, to equipment leasing and trade finance. Accord was incorporated in 1978 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal