Holding company created to operate existing field services firms
Concentric Equity Partners and TDR Capital formed a new holding company this week to operate a suite of existing mortgage field services companies, including Mortgage Contracting Services, Asset Management Specialists and Vacant Property Specialists.
Caroline Reaves, the current CEO of Plano-based MCS, will assume responsibility as CEO of the new holding company.
“MCS, AMS and VPS are all prominent and successful value-providers to banks, mortgage servicers, government entities and other property owners,” said Reaves.
“The common ownership of these three companies, with their unique strengths and proficiencies, will strengthen our collective ability to serve our clients and expand opportunities to develop ancillary services across multiple customer channels," she added.
In addition, the company said there will be no immediate changes to the three companies’ business processes and they will each continue to be managed independently.