StartBank Announces the Acquisition of $1 Billion Triton Funding Group
StartBank announces the acquisition of Triton Funding Group by WJ Bradley Merchant Partners. StartBank negotiated, structured and delivered the all-cash transaction within 60 days while serving as the exclusive financial advisor on behalf of Triton Funding Group.
New York, NY (PRWEB) August 8, 2005 -- StartBank announces the acquisition of Triton Funding Group by WJ Bradley Merchant Partners. StartBank negotiated, structured and delivered the all-cash transaction within 60 days while serving as the exclusive financial advisor on behalf of Triton Funding Group.
Headquartered in San Francisco, Triton Funding Group is an innovative leader in the California mortgage industry. George Rosenfield and Dorian Sarris co-founded the $1 billion loan volume producing mortgage brokerage in 1998. The two business partners will remain with Triton under a lucrative compensation package.
The sale of Triton to Bradley was ideal for many reasons," said Richard Feldman, chief operating officer at StartBank. The sale allows our clients to receive top value in an all-cash transaction, remain in their senior management positions, and grow the company while Bradley provides additional capital to expand production, open additional offices, and price more aggressively in an increasingly competitive California market. This transaction also provides our clients significant bonus-equity upside through a generous compensation package and presents all of the employees with numerous growth opportunities as Triton converts from a mortgage broker to a mortgage banker through integration with Bradleys growing mortgage conglomerate."
Consolidation in the mortgage industry continues to reach greater heights as privately held, mid-sized mortgage companies combine forces to remain competitive with the nations largest publicly traded mortgage bankers," said StartBanks chairman and chief executive Richard Easton. StartBank will orchestrate the mergers and acquisitions of more mortgage companies this year than in any prior year."
StartBank is the leading advisory firm specializing in the mergers and acquisitions of middle-market companies. StartBank excels at bringing the finest businesses to the market, creating maximum reward for shareholders, and delivering strategic value to investors. As the Dow Jones Newswires said, "Look no further than StartBank!" Website: www.startbank.com or Telephone: 1.888.909.BANK.
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