Financial Advisor
eCommission Financial Services, Inc.
M&A Advisory
A Portfolio Company Of
Has Been Acquired By
Transaction Details
- On August 29, 2017, an investment fund affiliated with Lightyear Capital LLC completed the acquisition of eCommission Financial Services, Inc., a portfolio company of Milestone Partners
- eCommission is a pioneer in the real estate commission factoring industry, having financed nearly $1 billion in commission advances since its founding in 1999
- Today, eCommission utilizes proprietary technology and an online delivery model to maximize the speed, transparency and reliability of each transaction
- Stephens Inc. acted as exclusive financial advisor to eCommission in the transaction
About the company
About eCommission:
Headquartered in Austin, TX, eCommission is the most established company in the real estate commission factoring industry. eCommission utilizes proprietary technology and an online delivery model to purchase commissions from real estate agents / brokers to help them better manage their business cash flow. eCommission enjoys alliances with most national real estate brands and provides its services throughout the U.S. For more information, please visit http://www.eCommission.com.
About Milestone Partners:
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues companies in tech-enabled services, software, financial services and technology-driven manufacturing sectors. Based in suburban Philadelphia, Milestone was founded in 1995 and is currently investing in new platforms out of its fourth fund. For more information, please visit http://www.milestonepartners.com.
About Lightyear Capital:
Lightyear Capital is a financial services-focused private equity firm based in New York, NY. Lightyear Capital, through its affiliated private equity funds, makes primarily control investments in North America-based, middle-market financial services companies. Lightyear Capital targets investments across the financial services spectrum, including asset management, banks, brokerage, financial technology, insurance and specialty finance. For more information, please visit http://www.lycap.com.
Sources: Transaction Press Releases.
-
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.