Lowell to acquire Hoist Finance UK for $482m.

Lowell, a credit management services provider, agreed to acquire Hoist Finance UK, a company which provide renders debt collection, accounting, financial, credit, and repayment planning services, for $482m. “These two transactions deliver against our stated goals, continuing to grow our business and diversify our revenues and balance sheet. It builds sustainability into the business and positions us for future growth. It is always good to have established a new product in the process and we have shown with the ABS that we continue to innovate and further diversify our sources of funding,” Jamie Wilson, Lowell Chief Financial Officer.