.
MergerLinks Header Logo

New Deal


Announced

Gantry to acquire the mortgage banking production and servicing platform of Norris, Beggs & Simpson.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Mortgage Finance

Pending

Private

Acquisition

Single Bidder

United States

Friendly

mortgage bank

Majority

Synopsis

Edit

Gantry, an independently owned commercial mortgage banking company, agreed to acquire the mortgage banking production and servicing platform of Norris, Beggs & Simpson, which provides commercial real estate capital to borrowers and investors seeking financing for property acquisitions and refinancing needs. Financial terms were not disclosed. "Norris, Beggs & Simpson has been one of the pioneers in our industry, and we have long admired their professionalism. We have always had a special affinity with their people, and indeed, a number of us at Gantry actually began our own mortgage banking careers with Norris, Beggs & Simpson in their prior San Francisco office. Now we’ve come full circle and we are thrilled about this opportunity," Mitchell Zeemont, Gantry Founding Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US