Frontier acted as an exclusive financial advisor to, and assisted with the negotiations as representative of, Hometown Equity Mortgage in initiating and consummating this transaction.
Frontier acted as the exclusive advisor on the recapitalization creating compelling marketing materials for the business, developing a strong potential investor pool, and generating competition among those potential investors to serve as a financial partner to the minority owner. The sale and marketing process led to a very competitive process which served as a catalyst to drive the consummation of a transaction that was mutually satisfactory to all of the involved parties.
Hometown provides a comprehensive range of mortgage solutions as a category-leading mortgage originator.
Hometown’s minority owner had always served as Hometown’s President and active manager, while Hometown’s majority owners had never been active in the business. The minority owner wanted to purchase the equity of his majority partners.