Smith Financial completed the acquisition of a 90.9% stake in Home Capital for $1.55bn.

Smith Financial, a family holding company of Stephen Smith, completed the acquisition of a 90.9% stake in Home Capital, a federally regulated trust company offering residential and non-residential mortgage lending, for $1.55bn. “With its talented workforce, diversified presence across Canada, trusted positions as a lender and deposit-taker and 36-year operating history, Home Capital is a strategic asset. Having followed the development of the business for three decades, I can attest to Home Capital’s strong partnerships with mortgage brokers and great customer relationships. I’m also impressed with the direction the Company has taken to build quality assets and enduring advantages in its chosen industry segments. I look forward to owning another business with a bright future," Stephen Smith, Smith Financial Founder.