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  6. ReliaMax Surety Co. Acquires FUTR

M&A Deal Summary

ReliaMax Surety Co. Acquires FUTR

On September 26, 2017, ReliaMax Surety Co. acquired financial services company FUTR

Acquisition Highlights
  • This is ReliaMax Surety Co.’s 1st transaction in the Financial Services sector.
  • This is ReliaMax Surety Co.’s 1st transaction in the United States.
  • This is ReliaMax Surety Co.’s 1st transaction in California.

M&A Deal Summary
Date 2017-09-26
Target FUTR
Sector Financial Services
Buyer(s) ReliaMax Surety Co.
Deal Type Add-on Acquisition

Target

FUTR

San Francisco, California, United States
FUTR Corp. is a private student loan servicer focused on bringing together technology and quality service to provide transparency and insight that borrowers need to manage private student loans. FUTR extends its level of commitment to value and service to its lending partners, who likewise can leverage FUTR’s technology and services to support their most demanding business needs.

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Buyer(S) 1

Buyer

ReliaMax Surety Co.

Sioux Falls, South Dakota, United States
Category Company
Sector Financial Services
DESCRIPTION

ReliaMax Surety Co. is a private student lender for over 475 banks, credit unions, alternative lenders and investors. Through its complete Private Student Loan Platform-as-a-Service solution, which includes borrower acquisition, origination, servicing, portfolio liquidity, and insurance* provided by ReliaMax Surety Company, ReliaMax enables lenders to quickly, easily and safely help student borrowers finance their education so they can realize their education goals.

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: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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