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New Deal


Announced

Completed

Finance of America completed the acquisition of assets of American Advisors Group.

Financials

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

Tags

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Mortgage Finance

Friendly

mortage services

Single Bidder

Acquisition

United States

commercial finance

Domestic

Private

Majority

Completed

Synopsis

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Finance of America, a specialty finance and solutions platform, completed the acquisition of assets of American Advisors Group, a direct-to-consumer reverse mortgage lender. Financial terms were not disclosed. “This is an incredibly exciting day for our organizations and ultimately those we serve. By complementing FAR’s thought leadership and innovation with AAG’s unmatched investments in consumer awareness, we are strengthening a movement to change society’s retirement trajectory for the better and bringing FOA closer to its goal of helping more Americans thrive,” Kristen Sieffert, Finance of America President.

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