Add-on Acquisition • Financial Services

Renew Financial Acquires AFC First Financial

On October 7, 2015, Renew Financial acquired financial services company AFC First Financial

Acquisition Context
  • This is Renew Financial’s 1st transaction in the Financial Services sector.
  • This is Renew Financial’s 2nd transaction in the United States.
  • This is Renew Financial’s 1st transaction in Pennsylvania.

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M&A Deal Summary

Date October 7, 2015
Target AFC First Financial
Sector Financial Services
Buyer(s) Renew Financial
Deal Type Add-on Acquisition

Target Company

AFC First Financial

Allentown, Pennsylvania, United States
AFC First Financial Corp. is a national leader in energy-efficiency and renewable energy lending and program management.
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Buyer Overview 1

Buyer

Renew Financial

Oakland, California, United States

Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

Renew Financial develops large scale, low-cost finance solutions for energy efficiency and renewable energy products through programs such as Property Assessed Clean Energy (PACE), residential unsecured loans, and utility on-bill financing. Renew Financial was founded in 2008 and is based in Oakland, California.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Pennsylvania 1 of 1
Country: United States 2 of 2
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 EcoCity Partners

St. Petersburg, Florida, United States

EcoCity Partners LLC is an innovative public-private partnerships that create green jobs, facilitate renewable energy and energy efficiency property improvements and strengthen communities.

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