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New Deal


Announced

Select Portfolio Servicing to acquire Rushmore Loan Management Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Mortgage REITs: Residential

Friendly

Single Bidder

United States

Majority

Domestic

residential mortgage

Private

Acquisition

mortgage loans

Pending

Synopsis

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Select Portfolio Servicing, a loan servicing company, agreed to acquire Rushmore Loan Management Services, a provider of residential mortgage services. Financial terms were not disclosed. "We believe that this combination of two highly rated and well-recognized brands will create a stronger company to better serve our customers, clients, regulators and associates. I believe that we are like-minded with very similar cultural values, which should result in a strong and successful future together," Randhir Gandhi, Select Portfolio Servicing CEO.

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