Flexpoint Ford and Vestar Capital Partners completed the acquisition of Lereta for c.$500m.

Flexpoint Ford and Vestar Capital Partners, two private equity firms, completed the acquisition of Lereta, a national provider of real estate tax and flood services for mortgage servicers, for c.$500m. "Flexpoint Ford and Vestar Capital Partners represent an ideal partnership for LERETA. The combination of these two well-regarded firms provides deep experience in financial services and a wealth of knowledge around scaling and enhancing technology. LERETA has distinguished itself by providing a high level of customer service in our markets. As a result, we've been successful in adding new customers and building market share. This transaction will enable us to accelerate our already strong growth, step up our investments in technology and scale our operations to address the changing needs of the mortgage servicing industry," John Walsh, Lereta CEO.