BOSTON, MA and SAN FRANCISCO, CA (January 8, 2025) – Aeris Partners is pleased to announce Concord Servicing Corporation, Inc. (“Concord” or “Company”), a market-leading provider of loan servicing software, administrative services and payments solutions for the specialized loan industry, has been acquired by GTCR.
Aeris Partners served as the exclusive financial advisor to Concord and Inverness Graham. Terms of the transaction were not disclosed. Aeris Partners previously advised Concord on its sale to Inverness Graham in 2022.
Headquartered in Scottsdale, Arizona, Concord provides a suite of software and administration solutions to originators and investors in specialty credit, including loan administration, payment processing, default management, as well as data, analytics and reporting solutions. Concord’s software and services currently support the administration of 3 million active accounts totaling more than $16 billion in assets across a range of asset classes and product types.
“Concord’s uniquely configurable, purpose-built SaaS platform, flexible delivery model and integrated payments offering addresses integral day-to-day operations for lenders and originators.” said Rahul Swani, Managing Director at Aeris Partners. “It was exciting to see Concord’s growth over the last three years and to advise the Company again. We are confident that GTCR will be an exceptional partner to Concord in its next phase of growth and innovation.”
“Concord is uniquely positioned to address the needs of specialty lenders across a broad range of end-markets with increased efficiency, greater compliance and improved loan performance.” said Gray Eklund, Director at Aeris Partners. “The Company is well-positioned for long-term success, and we were thrilled to have advised Concord and Inverness Graham on the transaction.”
About Concord
For more than three decades, Concord has delivered award-winning financial technology and loan servicing support with unparalleled performance. With 3 million active accounts and more than $16 billion in assets under Concord’s management, the Company serves clients in the United States and Mexico with scale and innovation. As a leading full-scope loan servicer in the home improvement, residential solar, energy services, and vacation ownership industries, Concord delivers compliant and flexible portfolio servicing solutions that meet the demands of loan originators and capital providers – and their customers.
About Inverness Graham
Inverness Graham is a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry. The firm’s Flagship strategy focuses on high-growth businesses leveraging technology in Healthcare, Software and Advanced Manufacturing. The firm’s Green Light strategy targets technology-enabled businesses where Environmental Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary “Strategic Platform Build” approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value creation resources and an innovative mindset to support its portfolio company partners.
About GTCR
Founded in 1980, GTCR is a leading private equity firm that invests behind The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 280 companies, and the firm currently manages $40 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach.
About Aeris Partners
Aeris Partners, a leading boutique investment bank with offices in Boston and San Francisco, provides premium strategic M&A advisory services to best-in-class software, Software-as-a-Service (SaaS), data & analytics, private equity, and venture capital firms spanning a range of high-growth vertical markets, including financial technology (FinTech), healthcare IT (HCIT), government (GovTech), education (EdTech), architecture, engineering and construction (AECO), energy & power (EnergyTech), analytics, transportation and logistics, and supply chain, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $40 billion of M&A advisory assignments to date.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.
