Evolution Capital Partners Invests in The American Eagle Mortgage Corp.
Evolution Capital Partners Invests in The American Eagle Mortgage Corp.

Evolution Capital Partners Invests in The American Eagle Mortgage Corp.

Evolution Capital Partners ("Evolution"), a Cleveland, Ohio-based private equity firm has made an equity investment in The American Eagle Mortgage Corp ("AEM"). Terms of the transaction were not disclosed.

EdgePoint Capital (www.edgepoint.com) initiated the transaction, led the negotiations and acted as exclusive financial advisor to The American Eagle Mortgage Corp. EdgePoint, a member of FINRA and SIPC, is a leading investment banking firm focused on advising middle market businesses on merger and acquisition transactions.

American Eagle Mortgage (www.aemc.cc), founded in 2000, is a leading mortgage lender in Ohio, Kentucky and Florida. AEM specializes in providing FHA and VA lending solutions for new home buyers. AEM has offices in Ohio, Kentucky and Florida. John Schrenkel, President of AEM, said "EdgePoint did an outstanding job understanding the needs of the shareholders as well as those of the business. Their diligence, expertise and access were crucial to the successful completion of this transaction. The partnership with Evolution was the ideal fit for us and will be a great catalyst in accelerating our growth plans."

Evolution Capital Partners (www.evolutioncp.com) is a committed private equity fund that partners with management to sponsor buyouts of closely-held businesses. Evolution is located in Cleveland, Ohio.