Published on : May 07, 2015
Southwest Financial Services, based in Downtown, America, has been recently purchased by a company based in New York.
The company that purchased the Southwest Financial Services is called Solidifi. It is based in Buffalo, New York. Solidifi is apparently a residential real estate appraisal company. When contacted both the companies to know the particulars of the deal, none divulged the amount for which the Southwest Financial Services was sold.
According to reports revealed by Solidifi, Real Matters, which is its parent company, have successfully raised $60 million in funds, which is expected to strengthen their balance sheet further to purse more such acquisitions.
It’s been over twenty five years since Southwest Financial Services have extended their knowledge and expertise to provide valuation, flood determination, title services. Today the company boasts more than five thousand transactions conducted in twenty four hours.
Speaking about the acquisition Jason Smith, Chief Executive Officer of Solidifi said, “When a strong network of 25,000 networks of Solidifi, coupled with the company’s expertise in purchase and refinance appraisals would come together with the innovative equity and home product offerings by Southwest Financial Services, it is certain to create robust and fulfilling experience for the lenders. Moreover they could also enjoy having access to a comprehensive bouquet of solutions. The CEO further said, that the decision of acquiring Southwest Financial Services has led to a win-win situation for Solidifi, since the deal has happened in the right time as consumers seems to gain more confidence and the market for home equity is also growing at a whopping 30% year over year.
The President of Southwest Financial Services, Greg Schroeder will continue his reign in the company as an adviser to Solidifi.