M&A Deal Summary

ECN Capital Acquires Service Finance

On June 8, 2017, ECN Capital acquired financial services company Service Finance from Flexpoint Ford for 304M USD

Acquisition Highlights
  • This is ECN Capital’s 1st transaction in the Financial Services sector.
  • This is ECN Capital’s largest (disclosed) transaction.
  • This is ECN Capital’s 1st transaction in the United States.
  • This is ECN Capital’s 1st transaction in Florida.
Investment Fate
  • Service Finance was divested to a consortium of strategic buyers in 2021 for 2.0B USD.

M&A Deal Summary

Date 2017-06-08
Target Service Finance
Sector Financial Services
Buyer(s) ECN Capital
Sellers(s) Flexpoint Ford
Deal Type Add-on Acquisition
Deal Value 304M USD

Target

Service Finance

Boca Raton, Florida, United States
Service Finance originates and services prime and super-prime installment contracts to finance home improvement projects in the U.S. Originations are sourced through exclusive national vendor programs with top manufacturers and dealers. Service Finance was formed in 2004 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

ECN Capital

Toronto, Ontario, Canada

Category Company
Founded 2016
Sector Financial Services
Employees580
Revenue 160M USD (2023)
DESCRIPTION

ECN Capital is a commercial finance company operates across North America in three verticals of the commercial finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance). ECN Capital was founded in 2016 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 2
Country (United States) 1 of 2
Year (2017) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 ECN Capital - U.S. Commercial Vendor Finance Business

Horsham, Pennsylvania, United States

ECN Capital Corp. - U.S. Commercial, Vendor Finance Business includes a $1.1 billion portfolio of construction, transportation, industrial, franchise and technology loans and leases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 Triad Financial Services

Jacksonville, Florida, United States

Triad is the oldest manufactured housing finance company in the U.S. It originates and services primarily prime and super-prime loans to consumers for manufactured homes throughout the U.S. Originations are sourced through a national network of dealers and manufacturers and are sold to an established network of over 40 banks and credit unions. In addition to originating prime loans, Triad manages manufactured housing portfolios for third party owners.

Buy $100M

Seller(S) 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 21
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 7 of 12
State (Florida) 2 of 2
Country (United States) 11 of 21
Year (2017) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 SouthEast Eye Specialists

Chattanooga, Tennessee, United States

SouthEast Eye Specialists is a provider of medical and surgical eye care. Led by a team of highly trained, board-certified professionals, SouthEast Eye Specialists is committed to providing exceptional patient care including cataracts and advanced lens replacement, corneal disease, glaucoma, eye muscle disorders, eyelid abnormalities, laser vision correction surgery, retinal surgery, and pediatric eye care. SouthEast Eye Specialists was founded in 1999 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 Summit Behavioral Healthcare

Franklin, Tennessee, United States

Summit Behavioral Healthcare provides substance use disorder and acute psychiatric care at 24 facilities across 16 states. Summit Behavioral Healthcare was founded in 2013 and is based in Franklin, Tennessee.

Sell -