Announced
Financials
Sources
Tags
Software
Private Equity
United States
consulting solutions
Majority
Pending
Single Bidder
Acquisition
Private
Friendly
Synopsis
HKW, a middle-market private equity firm focused on growth-oriented companies, agreed to acquire JMFA, a provider of software and consulting solutions designed to optimize overdraft programs for regional/community banks and credit unions. Financial terms were not disclosed. “JMFA has a long track record of successfully assisting community/regional banks and credit unions with their overdraft programs on an ongoing basis. This is important because overdraft programs are difficult for these customers to manage in terms of compliance and processes. We look forward to helping JMFA continue to develop their software and services offering, as well as push to reach more customers throughout the United States,” Chris Eline, HKW Principal.
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