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  6. Open Mortgage Acquires Premier Home Mortgage

M&A Deal Summary

Open Mortgage Acquires Premier Home Mortgage

On May 15, 2019, Open Mortgage acquired financial services company Premier Home Mortgage

Acquisition Highlights
  • This is Open Mortgage’s 1st transaction in the Financial Services sector.
  • This is Open Mortgage’s 1st transaction in the United States.
  • This is Open Mortgage’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-05-15
Target Premier Home Mortgage
Sector Financial Services
Buyer(s) Open Mortgage
Deal Type Add-on Acquisition

Target

Premier Home Mortgage

Rapid City, South Dakota, United States
Premier Home Mortgage is a lender that specializes in financing homes in rural and small-town America. Premier Home Mortgage, Inc began in 2004 as a small collection of loan originators whose focus was to transform the way mortgages were attained. Purchasing or refinancing a home can be a life changing event.

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Buyer(S) 1

Buyer

Open Mortgage

Austin, Texas, United States
Category Company
Founded 2003
Sector Financial Services
DESCRIPTION

Open Mortgage LLC is a multi-channel mortgage lender committed to providing retail and partner loan officers extensive training and support. Founded in 2003, Open Mortgage is headquartered in Austin, Texas, and has retail locations nationwide.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: South Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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