Announced
Financials
Tags
United States
lease financing
Private
Friendly
Private Equity
Leasing
Majority
Acquisition
Pending
leasing
Single Bidder
Synopsis
777 Partners, an investment firm is set to acquire Uown Leasing, a provider of lease financing. Financial terms were not disclosed. Under the terms of the acquisition, Uown Leasing will combine operations with Mollie Financial, 777 Partners’ existing lease-to-own product, and operate solely under the Uown Leasing name going forward. Uown will utilize Mollie Financial’s best-in-class technology, including its innovative merchant portal. "We look forward to expanding Uown into a nationally recognized leader in the lease to own industry, and we think that 777 Partners and Mollie Financial are the ideal partners to fuel explosive growth," Daniel Klein, Uown CEO.
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