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M&A Deal Summary

Stearns Lending Acquires Primary Capital Mortgage - Production Channels

On June 6, 2017, Stearns Lending acquired financial services company Primary Capital Mortgage - Production Channels from Primary Capital Mortgage

Acquisition Highlights
  • This is Stearns Lending’s 1st transaction in the Financial Services sector.
  • This is Stearns Lending’s 1st transaction in the United States.
  • This is Stearns Lending’s 1st transaction in Georgia.

M&A Deal Summary
Date 2017-06-06
Target Primary Capital Mortgage - Production Channels
Sector Financial Services
Buyer(s) Stearns Lending
Sellers(s) Primary Capital Mortgage
Deal Type Divestiture

Target

Primary Capital Mortgage - Production Channels

Atlanta, Georgia, United States
Primary Capital Mortgage LLC - Production Channels includes wholesale, non-delegated correspondent and consumer-direct lending businesses.

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Buyer(S) 1

Buyer

Stearns Lending

Lewisville, Texas, United States
Category Company
Founded 1989
Sector Financial Services
DESCRIPTION

Stearns Lending LLC is a provider of mortgage lending services in Wholesale, Retail, Correspondent, and Strategic Alliances sectors throughout the United States. Stearns Lending LLC was founded in 1989 and is based in Lewisville, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Stearns Lending - Delegated Correspondent Business

Santa Ana, California, United States

Stearns Lending - Delegated Correspondent Business consists of approximately 250 correspondent relationships accounting for over $7 billion of agency and governmental residential mortgage loan production annually.

Sell -

Seller(S) 1

SELLER

Primary Capital Mortgage

Atlanta, Georgia, United States
Category Company
Sector Financial Services
DESCRIPTION

Primary Capital Mortgage LLC is a provider of residential mortgage origination and servicing company. Primary Capital Mortgage is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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