M&A Deal Summary

Envoy Mortgage Acquires First Omni Mortgage Lending

On December 31, 2001, Envoy Mortgage acquired financial services company First Omni Mortgage Lending from Blue Equity

Acquisition Highlights
  • This is Envoy Mortgage’s 1st transaction in the Financial Services sector.
  • This is Envoy Mortgage’s 1st transaction in the United States.
  • This is Envoy Mortgage’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2001-12-31
Target First Omni Mortgage Lending
Sector Financial Services
Buyer(s) Envoy Mortgage
Sellers(s) Blue Equity
Deal Type Add-on Acquisition

Target

First Omni Mortgage Lending

Louisville, Kentucky, United States
First Omni Mortgage Lending was a nationally licensed mortgage banking company. First Omni generated and closed nearly half a billion dollars in residential mortgages annually. The First Omni platform also included a complete in-house underwriting department to provide warehousing and bundling services for loans closed by the company.

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Buyer(S) 1

Buyer

Envoy Mortgage

Houston, Texas, United States

Category Company
Founded 1997
Sector Financial Services
DESCRIPTION

Envoy Mortgage operates as a mortgage bank, that offers mortgage lending services, including underwriting, closing, and funding; LIBOR adjustable rate mortgages, VA and jumbo loans, federal housing administration loans, and fixed-rate mortgages; and reverse mortgage services. Envoy Mortgage was founded in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1

Seller(S) 1

SELLER

Blue Equity

Louisville, Kentucky, United States

Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Blue Equity is a Southern-US based private equity firm focused on a variety of business transactions as well as real estate investments. The Firm will consider opportunities across all company stages, from startups to recapitalizations. Blue Equity typically looks for situations with experienced management, and depending on the situation, can be minimal or more active investor. Blue Equity was formed in 2004 and is based in Louisville, Kentucky and also has office in Miami, Florida.


DEAL STATS #
Overall 1 of 18
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 14
State: Kentucky M&A 1 of 7
Country: United States M&A 1 of 15
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Blue Properties

United States

Blue Properties has diverse holdings in numerous real estate developments and is a leading equity investor in commercial office space, in excess of one million square feet, and several land development parcels throughout Kentucky and internationally. In addition to diversifying, balancing, and stabilizing Blue Equity's operating portfolio of investments, the real estate investments also provide favorable cash-flow, tax benefits, and long-term appreciation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Blue Entertainment Sports Television

Louisville, Kentucky, United States

BEST (Blue Entertainment Sports Television) is a unified, full-service sports and entertainment management, event and production company. The firm provides its clients and brands with cross-selling opportunities through experiential properties and a variety of sporting events, represents television rights to top events such as the US and French Opens and the Boston Marathon and guides the athletic and entertainment careers of top-notch talent such as Reggie Bush, Shawn Marion, Caroline Wozniacki and Magic Johnson.

Buy -