Deal Details
GTCR Acquires Concord
Summary
GTCR, LLC ("GTCR”) recently completed the acquisition of Concord Servicing Corp. ("Concord” or the "Company”).The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to GTCR on this transaction.
About
Founded in 1980, GTCR is a leading private equity firm that invests behind The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 280 companies, and the firm currently manages $40 billion in equity capital. With offices in New York and West Palm Beach, GTCR is headquartered in Chicago, Illinois.For more than three decades, Concord has delivered award-winning financial technology and loan servicing support with unparalleled performance. With 3 million active accounts and more than $16 billion in assets under Concord’s management, the Company serves clients in the United States and Mexico with scale and innovation. As a leading full-scope loan servicer in the home improvement, residential solar, energy services and vacation ownership industries, Concord delivers compliant and flexible portfolio servicing solutions that meet the demands of loan originators and capital providers – and their customers. Concord is headquartered in Scottsdale, Arizona.
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- Date
- January 2025
- Company
- GTCR, LLC
- Transaction
- M&A - Buyside
- Sectors
- Technology & Services
- Verticals
-
Software
Financial Services & Technology
- Target Geography
- North America
- Acquiror Geography
- North America
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