Flagship Credit Acceptance Enters Agreement to Sell its Business Operations to InterVest capital partners
Flagship Credit Acceptance LLC (the “Company”), a leading auto-finance provider, announced today that affiliates of InterVest capital partners (“InterVest”), a New York-based specialty finance investment firm, has entered into a definitive agreement to acquire the operating assets and business operations of the Company through a newly formed company, Flagship Financial Group LLC (“Flagship”).
Flagship Credit Acceptance Hires Matt Long as Chief Risk Officer
Flagship Credit Acceptance LLC (“Flagship” or “the Company”), a leading auto-finance provider, announced today the appointment of Matthew Long, an executive with more than 25 years of automotive lending experience, as Chief Risk Officer. Long previously held the role of Chief Lending Officer & Senior Vice President at DriveTime Automotive. As a part of Flagship’s executive team, Long will report directly to Bob Hurzeler, Chief Executive Officer.
Flagship Credit Acceptance Recruits Rob McKie as Chief Direct Lending Officer
Flagship Credit Acceptance has hired Rob McKie as Chief Direct Lending Officer to further the company’s entry into direct-to-consumer lending.
Blinker Secures Capital Raise and Licensing Agreement from Flagship Credit Acceptance
Today, Blinker, an automotive e-commerce technology and services company, and Flagship Credit Acceptance, a leading auto-finance provider managed by funds controlled by Perella Weinberg Partners Capital Management LP (PWPCM) and sub-advised by an affiliate of Innovatus Capital Partners, LLC (ICP), are pleased to announce they have completed a Series C capital raise with Flagship as the sole investor.
