A Blackstone portfolio company, Incenter, announced today that it has signed a definitive agreement to acquire the assets of Interactive Mortgage Advisors.
The expected closing date is March 31, 2016.
IMA’s main focus will continue to be as a mortgage servicing rights brokerage and asset valuation firm.
“The union with Incenter is a game changer for our clients as it allows them to benefit from a broader array of service and product offerings, including additional secondary markets services, world class analytics and access to capital,” said Thomas Piercy, Managing Director for Interactive Mortgage Advisors.
Incenter’s Secondary Markets Solutions platform provides advisory services to financial services companies. Some of those services include hedge advisory services, best execution analysis, direct to investor while loan treading and securitization and product development.
“With the acquisition of Interactive Mortgage Advisors, Incenter adds a key set of services and capabilities that will enhance our ability to service the needs of our clients,” Incenter’s President Nicholas Smith said. “We are delighted to add such a high caliber team that will continue to be led by Managing Directors Tom Piercy and Chris John.”
Located in Saint Paul, Minnesota, Incenter is a Blackstone portfolio company that has over 300 employees worldwide.