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  6. TrustEngine Acquires Mortgage Coach

M&A Deal Summary

TrustEngine Acquires Mortgage Coach

On June 28, 2022, TrustEngine acquired software company Mortgage Coach from LLR Partners

Acquisition Highlights
  • This is TrustEngine’s 1st transaction in the Software sector.
  • This is TrustEngine’s 1st transaction in the United States.
  • This is TrustEngine’s 1st transaction in California.

M&A Deal Summary
Date 2022-06-28
Target Mortgage Coach
Sector Software
Buyer(s) TrustEngine
Sellers(s) LLR Partners
Deal Type Merger

Target

Mortgage Coach

Corona, California, United States
Mortgage Coach helps lenders convert more leads to borrowers with interactive Total Cost Analysis (TCA) presentations that model the costs and benefits of mortgage loans over time. The company’s technology is used by lenders to compliantly deliver on-brand, consultative lending solutions at scale and improve borrower conversion. Mortgage Coach is based in Corona, California.

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Buyer(S) 1

Buyer

TrustEngine

Washington, District of Columbia, United States
Category Company
Sector Software
DESCRIPTION

TrustEngine provides innovative solutions to independent mortgage companies, credit unions, banks and brokers. TrustEngine's Borrower Intelligence Platform solution helps to unlock additional loan opportunities, increase conversion and strengthen customer loyalty through individualized, data-driven engagement and education. TrustEngine is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 66 of 77
Sector (Software) 13 of 15
Type (Merger) 6 of 8
State (California) 2 of 2
Country (United States) 65 of 76
Year (2022) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Allmark Door

Springfield, New Jersey, United States

Allmark Door is a commercial door and loading dock services provider. Allmark provides mission-critical repair, maintenance, and replacement services for high-performance industrial doors, pedestrian doors, and loading dock solutions. Allmark Door was founded in 1993 and is based in Springfield, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Physicians Immediate Care

Rockford, Illinois, United States

Physicians Immediate Care is an operator of urgent care, occupational medicine, physical therapy and employer services such as physicals and drug screening. Physicians Immediate Care was founded in 1987 and is based in Rockford, Illinois.

Sell -
Mergr

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