M&A Deal Summary

Vervent Acquires Total Card Solutions

On December 1, 2020, Vervent acquired financial services company Total Card Solutions

Acquisition Highlights
  • This is Vervent’s 2nd transaction in the Financial Services sector.
  • This is Vervent’s 2nd transaction in the United States.
  • This is Vervent’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2020-12-01
Target Total Card Solutions
Sector Financial Services
Buyer(s) Vervent
Deal Type Add-on Acquisition

Target

Total Card Solutions

Sioux Falls, South Dakota, United States
Total Card Solutions is a provider of credit servicing solutions. Total Card Solutions was founded in 2000 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Vervent

San Diego, California, United States
Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

Vervent is a loan servicing company offering in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. Vervent was founded in 1986 and is based in San Diego, California.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 1 of 3
State (South Dakota) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 PFSC

Portland, Oregon, United States

PFSC is a third-party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize and royalty-based receivables). PFSC provides a comprehensive suite of services including primary servicing, successor servicing and backup servicing. PFSC also provides certain focused services such as document custodianship and verification agent services, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. PFSC was founded in 1992 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 First Equity Card

North Wales, Pennsylvania, United States

First Equity Card is a provider of business credit solutions, including a highly innovative credit card program designed around the needs of small businesses. First Equity Card was founded in 2001 and is based in North Wales, Pennsylvania.

Buy -
Mergr

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