M&A Deal Summary |
|
|---|---|
| Date | 2020-04-28 |
| Target | Tidewater Credit Services |
| Sector | Financial Services |
| Buyer(s) | Genesis Credit |
| Sellers(s) | Tidewater Finance Co. |
| Deal Type | Divestiture |
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Genesis Credit, a brand of Genesis Financial Solutions, Inc. is a provider of near-prime consumer financing solutions with over 3 million active accounts, 12 million applications processed annually, and 1,500 team members. Genesis provides quality financing solutions and respectful service for near-prime consumers through its merchant and direct-to-consumer credit card programs, including over 30 of the nation’s Top 100 furniture retailers as well as long-term partnerships with industry leaders within each of the verticals Genesis serves. The company's programs offer consumers, who are typically turned down by a prime lender and represent more than 30% of the credit population, a second chance to access financing and credit cards with simple terms, competitive rates, and excellent customer service.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Financial Services |
Tidewater Finance Co. is a nationwide special finance provider focused on [providng programs to retailers nationwide that specialize in furniture, flooring, heating and cooling systems, general home improvement projects, automotive repairs and accessories, and many other product lines.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2020 M&A | 1 of 1 |
