M&A Deal Summary

InterVest Capital Partners Acquires Foundation Finance

On September 26, 2022, lender InterVest Capital Partners acquired financial services company Foundation Finance from Garrison Investment Group

Acquisition Highlights
  • This is InterVest Capital Partners’ 2nd transaction in the Financial Services sector.
  • This is InterVest Capital Partners’ 2nd transaction in the United States.
  • This is InterVest Capital Partners’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-09-26
Target Foundation Finance
Sector Financial Services
Buyer(s) InterVest Capital Partners
Sellers(s) Garrison Investment Group
Deal Type Secondary Buyout

Target

Foundation Finance

Schofield, Wisconsin, United States
Foundation Finance specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment contracts and promotional financing. Foundation Finance was founded in 2012 and is based in Schofield, Wisconsin.

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Buyer(S) 1

Buyer

InterVest Capital Partners

Category Lender
Founded 2012
Size Large
Type Sector Agnostic
DESCRIPTION

InterVest Capital Partners is a structured finance and leasing company focused on providing financial products that are Shari’ah compliant. InterVest Capital Partners was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Secondary Buyout) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 FinanceIt

Toronto, Ontario, Canada

FinanceIt offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. FinanceIt was founded in 2011 and is headquartered in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Garrison Investment Group

New York, New York, United States
Category Asset Manager
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Garrison Investment Group is a middle-market investor and lender. Garrison consists of Corporate Finance, Financial Assets, Private Equity, and Real Estate. The Group's private equity practice makes control and non-control investments in mid-sized North American companies with $20 to $500 million in revenues. Target sectors include manufacturing, business services, retail, transportation, distribution, communications, and media. Garrison is based in New York City.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Premier Trailer Leasing

Lewisville, Texas, United States

Premier Trailer Leasing is a provider of trailer leasing and rental assets and related value-added services in the United States. Premier’s fleet is comprised of new and late model air ride vans, flatbeds, chassis, refrigerated units, spring ride vans, as well as specialized flatbeds. Premier is proud of its value added service offerings, such as available GPS trailer tracking on all over-the-road equipment and a web portal allowing access to trailer registrations, lease and rental asset history, maintenance history, invoices, digital images of trailer condition and rental agreements. Premier Trailer Leasing is based in Lewisville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Contec

Schenectady, New York, United States

Contec is a provider of both forward and reverse logistics along with testing, repair and refurbishment services on a variety of electronic equipment and technology products on behalf of its customer base. Contec was founded in 1978 and is based in Schenectady, New York.

Sell -
Mergr

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