August, 2016. Peakstone served as exclusive M&A advisor to UPF Services on its sale to Chronos Solutions. UPF Services is a Spokane Valley, Washington-based provider of process-driven services and technology solutions for the real estate and mortgage industries. Acquiring UPF Services was highly strategic for Chronos. UPF Services’ offerings – document preparation and recording, lien release, flood hazard compliance and tax monitoring services – complete Chronos Solutions’ suite of loan origination solutions. Chronos Solutions customers will now be able to order these services on a standalone basis or in conjunction with Chronos Solutions’ existing service offerings.
“Offering integrated services provides our clients with a huge advantage, enabling them to enhance efficiencies, reduce operational expenses, minimize risk and improve the overall customer experience,” said Chronos Solutions CEO Matt Martin. “Now that we are the only ‘one-stop shop’ in the country, we are uniquely able to offer these synergies to our clients.”
UPF CEO Mark Hikel will serve as Chrono Solutions’ President of Outsourced and Origination Solutions. “UPF is excited to join the Chronos Solutions family,” noted UPF Services CEO Mark Hikel, “It’s an important step for us to be part of creating a single company that can manage the entire ‘tracking’ process for the mortgage industry, with flood, tax, insurance and HOA. To our knowledge, we are the only firm in the country with this broad capability.”
Terms of the transaction were not disclosed.
For additional information about this transaction, contact:
Stephen Sleigh, Managing Director, 312-346-7318, firstname.lastname@example.org
The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.