Orlando, Florida (PRWEB) May 01, 2014
Trax Capital Management, LLC, a private investment and asset management firm located in Orlando FL, announced today it had completed the acquisition of a $199 Million secured consumer debt portfolio primarily located in the Southwest and Western United States. The seller, a public company who will remain confidential, completed the transaction with Trax Capital in just over 3 days, which was unusually timely for a transaction of this size. As a result, the entire Trax team stepped up to demonstrate the company’s willingness and ability to execute timely. This is the largest consumer debt portfolio acquisition announced by an Orlando based investment firm.
Trax Capital Management brings together a wealth of experience and expertise to create a simple, yet powerful business strategy focused on opportunistic investments. Trax is no stranger to these types of acquisitions. Over the last several years, Trax Capital has acquired or participated in the acquisition of over a billion dollars of sub performing and distressed debt obligations in over 15 asset classes to include multiple types of real estate and consumer debt.
“This acquisition represents a new business line for the company which we have been developing over the last several months, the ability to complete a transaction like this will hopefully demonstrate to other nationwide sellers that our firm sets the standards in complex and sizable acquisitions”, commented Bryan Brewer, Chief Executive Officer of Trax Capital.
Todd Mounts, Executive Vice President for Trax Capital stated “this transaction was a great opportunity for our firm as our talented team of professionals came together to execute when it mattered most. This was a big win for Central Florida as well in terms of new job creation as the management of this portfolio will be handled by Trax and a local collection firm”.
For more information please contact Todd Mounts at: tmounts(at)traxcapital(dot)com or 407-377-0565