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M&A Deal Summary

Waterfall Asset Management Acquires EdgeCo Holdings

On June 1, 2018, asset manager Waterfall Asset Management acquired financial services company EdgeCo Holdings

Acquisition Highlights
  • This is Waterfall Asset Management’s 2nd transaction in the Financial Services sector.
  • This is Waterfall Asset Management’s 2nd transaction in the United States.
  • This is Waterfall Asset Management’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-06-01
Target EdgeCo Holdings
Sector Financial Services
Buyer(s) Waterfall Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

EdgeCo Holdings

Pittsburgh, Pennsylvania, United States
EdgeCo Holdings provider of best-in-class, technology-enabled solutions for financial intermediaries and their clients. EdgeCo companies have provided a suite of technology and support services, including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. EdgeCo Holdings is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Waterfall Asset Management

Investor Investor

Category Asset Manager
Founded 2005
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Waterfall Asset Management is an institutional asset manager focused on structured credit (asset-backed securities and loans) and private equity investments. Waterfall was founded in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 7
Sector: Financial Services M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
State: Pennsylvania M&A 1 of 2
Country: United States M&A 2 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-15 Milestone Bank

Troy, Michigan, United States

Milestone Bank is a full-service financing company specializing in technology and industrial equipment financing. Milestone Bank offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines. Milestone Bank was founded in 1988 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Flex Fleet Rental

Salt Lake City, Utah, United States

Flex Fleet Rental is a truck rental company that provides customers with the flexibility to manage the demands of their business at a profitable margin. Flex Fleet Rental was established in 2012 and is based in Salt Lake City, Utah.

Buy -
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