trending Market Intelligence /marketintelligence/en/news-insights/trending/ePESsPvt63eHLykqxzqIzQ2 content esgSubNav
In This List

Flexpoint Ford announces sale of service finance company to ECN Capital

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Case Study

Actions to Reduce Emissions at an Asian Financial Services Firm


Flexpoint Ford announces sale of service finance company to ECN Capital

Chicago-based private equity firm Flexpoint Ford LLC said that Service Finance Co. has agreed to be acquired by ECN Capital Corp. Terms of the deal were not disclosed.

Flexpoint has held a minority stake in Service Finance Co., a point-of-sale originator for home improvements and solar projects, since October 2015. The transaction is expected to close in the third quarter of 2017, subject to customary regulatory approvals and satisfaction of other closing conditions.

ECN Capital, a Toronto-based commercial finance company, managed assets of more than $4.6 billion, as of June 8. Following the transaction, Service Finance Co. will operate as a subsidiary of ECN Capital.

Axxcess Capital Partners and Arete Wealth Management were financial advisers to Service Finance Co.