Recapitalization • Financial Services

Eos Acquires Residential Mortgage Services

On October 28, 2013, asset manager Eos acquired financial services company Residential Mortgage Services

Acquisition Context
  • This is Eos’ 2nd transaction in the Financial Services sector.
  • This is Eos’ 35th transaction in the United States.
  • This is Eos’ 1st transaction in Maine.
Investment Fate
  • Residential Mortgage Services was sold to a publicly-traded strategic buyer in 2021 for 197M USD.

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M&A Deal Summary

Date October 28, 2013
Target Residential Mortgage Services
Sector Financial Services
Buyer(s) Eos
Deal Type Recapitalization
Advisor(s) Bigelow (Financial)

Target Company

Residential Mortgage Services

South Portland, Maine, United States
Residential Mortgage Services is an independent, privately held, and direct lender of residential mortgage products and RMS loan officers have direct access to a full spectrum of integrated loan processing, underwriting, and direct lending services all under one roof.
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Buyer Overview 1

Buyer

Eos

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.


Deal Context for Buyer #
Overall 35 of 41
Sector: Financial Services 2 of 2
Type: Recapitalization 3 of 5
State: Maine 1 of 1
Country: United States 35 of 41
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-10 ProEnergy Services

Sedalia, Montana, United States

ProEnergy Services is an integrated service provider that delivers cost-effective, safe, and reliable services to the global energy industry. ProEnergy Services was founded in 2002 and is based in Sedalia, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Promo Works

Schaumburg, Illinois, United States

PromoWorks offers unique strategies that enhance the retail experience through customized shopper engagement and product sampling/demonstration events.

Sell -