Excel Finance Acquires Austin County Finance

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Finance company executes on acquisition strategy.

William P. Tedrow, CEO of Excel Finance Company (“Excel”) announced today that Excel has acquired Austin County Finance (“Austin County”) located in Bellville, TX. Founded over 23 years ago, Austin County brings approximately 375 active customer relationships to Excel’s existing customer base. This acquisition increases Excel’s branch locations to 33, which are concentrated in Texas and Louisiana.

William Tedrow stated, “Rodney and Gwendolyn Zapalac, founders of Austin County, built a great company over the years and we congratulate them on such a great success story. They have served their customers well. Excel is fortunate to have this opportunity to acquire such a long-standing business in an attractive market like Bellville and surrounding communities. We believe that with the expanded line of loan products that Excel brings to Austin County, current and future customers will benefit from this acquisition.”

About Excel Finance:
Founded in 1999, Excel, through various lending subsidiaries, is a leading provider of consumer and auto loans to over 21,000 active customers across Texas and Louisiana. Excel currently has 33 branch locations with over 140 employees.

Additionally, Excel is an active buyer of locally-owned finance companies throughout Texas and Louisiana. Excel provides local business owners with an exit strategy, while providing a post-closing business model which preserves customer relationships that have been built over years of hard work.

If you have any inquiries, please contact Julie Vorbeck at (512) 608-0035 or email jvorbeck(at)excelfinco(dot)com.

http://www.excelfinco.com

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Julie Vorbeck
Excel Finance Company
5126080035
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