InterVest Capital Partners acquires point-of-sale finance provider Foundation Finance
“We see a great opportunity ahead to grow our products and services, while adding value to our network of entrepreneurs.”
ROTHSCHILD, Wis. (PRWEB)
September 26, 2022
Foundation Finance is a leading provider of point-of-sale financing to the home improvement industry, with nearly $3 billion in lifetime issuance.
Foundation Finance Company LLC (“Foundation” or the “Company”) today announced that InterVest Capital Partners (“InterVest”), a New York-based investment firm specializing in finance, formerly known as Wafra Capital Partners, acquired the Company from Garrison Investment Group.
“The Foundation team is delighted to partner with InterVest to help facilitate Foundation’s continued growth,” said Foundation CEO Alex Mladek. “We see a great opportunity to expand our products and services, while adding value to our network of entrepreneurs. The Foundation’s partnership with InterVest will allow the Foundation to accelerate key initiatives and expand strategic partnerships.
“InterVest Capital Partners is excited to join the Foundation’s ownership group and invest in one of the leading consumer point-of-sale finance companies in the United States. We are confident that our capital and strategic vision will scale the progression already underway, enabling Foundation to achieve ambitious new milestones in the years to come,” said Michael Gontar, CEO of InterVest Capital Partners.
About Foundation Finance Company
The Foundation was founded in 2012 through the partnership of an experienced management team and Garrison Investment Group. Foundation specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment contracts and promotional financing. Foundation operates in all 50 states and serves more than 9,000 home improvement contractors and hundreds of thousands of homeowners nationwide. For more information, visit fondationfinance.com
About InterVest Capital Partners
InterVest Capital Partners (“InterVest”), a New York-based investment management firm, manages or advises funds and accounts specializing in specialty finance and real estate investments. InterVest has significant investment experience in the non-bank lending, leasing and specialty leasing businesses as well as real estate and real estate debt, and its team has been operating in these areas since 1999. For more d information, visit intervest.com
Share the article on social networks or by e-mail: