Accord Financial Acquires Brome Capital Loan Portfolio
Accord Financial announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial. After taking into account the acquisition, Accord’s portfolio of loans currently exceeds $120 million.
Fred Moss, president of AFI, said, “The acquisition of this portfolio of loans reinforces our leadership position as a provider of factoring and asset-based lending to the Quebec market. The profile and quality of the acquired assets fits perfectly into our current portfolio.”