GTCR completes acquisition of Concord Servicing to broaden offering in loan servicing market
Acquiring Company
GTCR
Acquired Company
Concord Servicing
ChicagoWestportFinancial ServicesFinanceVenture CapitalAngel InvestmentDescription
GTCR, a leading private equity firm, has announced the acquisition of Concord Servicing, a provider of software and administration services for specialized loan servicing. The acquisition includes the appointment of Dhruv Vakharia as CEO, in line with GTCR's Leaders Strategy™ investment approach, to lead Concord through its next phase of growth and strategic expansion in the specialty lending market.
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Frequently asked
Who acquired Concord Servicing?
Concord Servicing was acquired by GTCR, based in Chicago. The deal was reported on January 8, 2025. GTCR is a leading private equity firm focused on investing in growth and could manage companies. They specialize in various sectors including financial services and technology. GTCR is privately held and operates in Financial Services.
When did GTCR acquire Concord Servicing?
GTCR's acquisition of Concord Servicing was reported on January 8, 2025. GTCR, a leading private equity firm, has announced the acquisition of Concord Servicing, a provider of software and administration services for specialized loan servicing. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Concord Servicing do?
Both Concord and Equiant are established industry leaders, and the combined platform will benefit from increased scale and operational synergy," said Balance Point Partner Adam Sauerteig. It is privately held, and is based in Westport.
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