Cerberus Capital Management to acquire Spring EQ.

Cerberus Capital Management, a private equity firm, agreed to acquire Spring EQ, a provider of home equity financing solutions. Financial terms were not disclosed. “We’re incredibly proud to be helping individuals and families across the United States achieve their goals. Spring EQ has helped redefine the home equity financing process by combining exceptional digital experiences and tailored solutions. This partnership with Cerberus comes at a perfect time in our journey. The Cerberus team’s mortgage expertise, technology capabilities, and operational resources will help propel our growth, better positioning us to make an even greater impact," Jerry Schiano, Spring EQ Founder and CEO.