Heritage Global Inc., a specialist in financial and industrial asset transactions, acquired The Debt Exchange, Inc. (DebtX) through its subsidiary.
DebtX is a prominent loan-sale advisor with over 20 years of experience in selling various types of loans.
The acquisition strengthens Heritage Global's Financial Assets division and expands its presence in the secondary loan market.
Acquisition Details
Heritage DebtX LLC, a subsidiary of Heritage Global, acquired DebtX in an all-cash transaction valued at approximately $8.5 million.
Strategic Importance
The acquisition enhances Heritage Global's position in the secondary loan market and aligns with its long-term growth objectives.
Leadership Transition
DebtX will continue to be managed by its existing senior leadership team led by co-founder Bruce Hounsell under Heritage DebtX.
- DebtX brings a comprehensive suite of services to Heritage Global, including loan-portfolio advisory and valuation, strengthening Heritage's capabilities across commercial, residential, and specialty-finance asset classes.
- The acquisition reinforces Heritage Global's commitment to expanding its capabilities in both industrial and financial asset markets, solidifying its position as a leading provider of asset valuation and monetization solutions.
The acquisition of DebtX by Heritage Global Inc. marks a strategic move to strengthen its Financial Assets division and expand its reach in the secondary loan market. This acquisition is expected to enhance Heritage's capabilities and support its long-term growth objectives.