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M&A Deal Summary

Platform Partners Acquires Envoy Mortgage

On May 1, 2017, private equity firm Platform Partners acquired financial services company Envoy Mortgage

Acquisition Highlights
  • This is Platform Partners’ 6th transaction in the Financial Services sector.
  • This is Platform Partners’ 17th transaction in the United States.
  • This is Platform Partners’ 13th transaction in Texas.

M&A Deal Summary
Date 2017-05-01
Target Envoy Mortgage
Sector Financial Services
Buyer(s) Platform Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Envoy Mortgage

Houston, Texas, United States
Envoy Mortgage operates as a mortgage bank, that offers mortgage lending services, including underwriting, closing, and funding; LIBOR adjustable rate mortgages, VA and jumbo loans, federal housing administration loans, and fixed-rate mortgages; and reverse mortgage services. Envoy Mortgage was founded in 1997 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.

DEAL STATS #
Overall 17 of 30
Sector: Financial Services M&A 6 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 14
State: Texas M&A 13 of 22
Country: United States M&A 17 of 30
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Beneplace

Austin, Texas, United States

Beneplace LLC is a marketer and distributor of voluntary employee benefits and employee discount programs serving Fortune 1000 companies, large associations, and government agencies. Beneplace was founded in 1974 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Vortex

Houston, Texas, United States

Vortex is a trenchless solution provider in the water, sewer, and industrial marketplace. Its suite of services includes turnkey bypass and dewatering, large diameter structural relining, pipe bursting and slip lining, structural and corrosion protection, trenchless robotic systems, pipe and drain cleaners and industrial facility maintenance and renewal. Vortex is based in Houston, Texas.

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