Add-on Acquisition • Financial Services

Sherman Financial Group Acquires B-Line

On November 15, 2011, Sherman Financial Group acquired financial services company B-Line

Acquisition Context
  • This is Sherman Financial Group’s 1st transaction in the Financial Services sector.
  • This is Sherman Financial Group’s 1st transaction in the United States.
  • This is Sherman Financial Group’s 1st transaction in Washington.

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M&A Deal Summary

Date November 15, 2011
Target B-Line
Sector Financial Services
Buyer(s) Sherman Financial Group
Deal Type Add-on Acquisition

Target Company

B-Line

Seattle, Washington, United States
B-Line is a leading provider of consumer bankruptcy debt purchasing, processing, and recovery services. The Company services Chapter 7 and Chapter 13 bankruptcy debt both for its own account and on an outsourced basis. B-Line's unique automated processing capabilities and servicing expertise have made it the provider of choice for leading credit card companies and durable consumer goods creditors.
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Buyer Overview 1

Buyer

Sherman Financial Group

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Sherman Financial Group, LLC, through its subsidiaries, originates, purchases, and services consumer debt in the United States and Mexico.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Washington 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1