Stone Point Capital to acquire Kessler Group from ECN Capital for $210m.

Stone Point Capital, a private equity firm, agreed to acquire Kessler Group, a business intermediary firm, from ECN Capital, an independent finance company, for $210m. “ECN Capital’s primary strategic directive has been to manage and maximize returns on investor capital in the specialty finance sector. Allocation of capital is one of management’s most important jobs and decisions need to be made to maximize future potential. While the Kessler Group remains an excellent business, ECN Capital intends to concentrate its future investments in its manufactured housing and marine and RV financing businesses where we see extraordinary opportunities like our successful tuck-in of Source One in December 2021 and our investment in Intercoastal Financial Group, which was announced on August 11, 2022," Steven Hudson, ECN Capital CEO.