Announced
Completed
Financials
Tags
Completed
Minority
Cross Border
Private
Single Bidder
Private Equity
United States
financial solutions
Diversified Financials
Friendly
Acquisition
Synopsis
ECN Capital, a provider of business services to North American based banks, credit unions, life insurance companies, pension funds and investment funds, completed a $75m investment in Intercoastal Financial Group, a premier marine and RV financing company. "We are also very excited to welcome Hans Kraaz and the team at Intercoastal Financial Group. IFG is an excellent tuck-in investment and when combined with Source One creates a $1bn+ marine and RV originator with national reach. We are extremely excited about the opportunities in the marine and RV sector and look forward to continuing to build out the vertical over the coming quarters," Steven Hudson, ECN Capital CEO.
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