M&A Deal Summary

Gordon Brothers Finance Acquires Durkin Group

On September 12, 2023, lender Gordon Brothers Finance acquired financial services company Durkin Group

Acquisition Highlights
  • This is Gordon Brothers Finance’s 1st transaction in the Financial Services sector.
  • This is Gordon Brothers Finance’s 12th transaction in the United States.
  • This is Gordon Brothers Finance’s 5th transaction in New Jersey.

M&A Deal Summary

Date 2023-09-12
Target Durkin Group
Sector Financial Services
Buyer(s) Gordon Brothers Finance
Deal Type Buyout (LBO, MBO, MBI)

Target

Durkin Group

Liberty Corner, New Jersey, United States
Durkin Group is a professional services firm providing financial due diligence, field examination, accounting, and auditing to lenders, investors, and middle-market companies. Durkin Group is based in Liberty Corner, New Jersey.

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Buyer(S) 1

Buyer

Gordon Brothers Finance

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Lender
Founded 1903
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GB Merchant Partners (GB) is the private investment arm of the Gordon Brothers Group. GB looks to make traditional private equity investments as well as provide structured loans and acquire secondary debt instruments. Within private equity, GB seeks investments in all segments of the consumer products and services sectors, including retail, distribution, wholesale, licensing and manufacturing. Target companies 'usually have meaningful brand equity, or a product or service that is capable of creating a leading and defensible market position'. Prospective transactions include management buyouts, growth capital financings, as well as restructurings or turnarounds. GB is based in Boston with an additional office in New York City.


DEAL STATS #
Overall 20 of 22
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 9
State: New Jersey M&A 5 of 5
Country: United States M&A 12 of 13
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Toll Global Express

Melbourne, Australia

Toll Global Express is a highly diversified transportation and logistics business with an unparalleled network across Australia and New Zealand. Toll Global Express is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 Hammacher Schlemmer

Fairfield, Ohio, United States

Hammacher Schlemmer is a retail company that provides electronics, apparel & shoes, home, outdoor, personal care, sports & leisure, and toys. Hammacher Schlemmer was formed in 1848 and is based in Fairfield, Ohio.

Buy -