M&A Deal Summary

Mortgage Connect Acquires Adfitech

On March 9, 2022, Mortgage Connect acquired financial services company Adfitech for 29M USD

Acquisition Highlights
  • This is Mortgage Connect’s 1st transaction in the Financial Services sector.
  • This is Mortgage Connect’s largest (disclosed) transaction.
  • This is Mortgage Connect’s 1st transaction in the United States.
  • This is Mortgage Connect’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2022-03-09
Target Adfitech
Sector Financial Services
Buyer(s) Mortgage Connect
Deal Type Add-on Acquisition
Deal Value 29M USD
Advisor(s) Cowen Group, Inc. (Financial)
McAfee & Taft (Legal)

Target

Adfitech

Edmond, Oklahoma, United States
Adfitech is a provider of outsourced mortgage quality control, due diligence, and mortgage fulfillment services. Adfitech serves over 500 diverse clients, including six of the top 10 lenders, Wall Street firms, and numerous small banks and mortgage operations. Adfitech was founded in 1982 and is based in Edmond, Oklahoma.

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Buyer(S) 1

Buyer

Mortgage Connect

Moon Township, Pennsylvania, United States
Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

Mortgage Connect is a national mortgage service provider, serving the Origination, Default, Valuation, Critical Communications, and Capital Markets sectors. With additional offices in New York, Texas, California, Colorado, Nevada, and Alabama, the company offers customizable solutions to the nation's lenders and servicers. Mortgage Connect was founded in 2008 and is based in Moon Township, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal