Deloitte Corporate Finance acted as the exclusive financial advisor to EPS Financial in connection with Drake Enterprises’ sale of substantially all the assets of EPS to Meta Financial Group. The transaction closed on November 1, 2016.

Founded in 2009 and headquartered in Easton, PA, EPS Financial, is a provider of tax-related financial transaction solutions offering a one-stop-shop for all tax preparer financial transactions. EPS has grown its long-term relationships with both bank partners and tax software provider partners, meeting the needs of more than 14,000 tax preparers.

“We want to thank the Drake team for their commitment and partnership over the years, and we look forward to our new partnership with the Meta organization,” said Clark Gill, president of EPS Financial. “Deloitte Corporate Finance navigated us smoothly through the intricacies associated with this asset sale and helped us position EPS for long-term growth, while simultaneously creating value for Drake.”

“This was an important transaction for both Drake and the EPS teams,” said Ron Rivera, managing director and head of technology, media and telecommunications investment banking at Deloitte Corporate Finance. “We believe that the EPS management team and employees are well-positioned to thrive as part of the Meta organization and wish them well in their new partnership.”

Meta Financial Group is the holding company for MetaBank, a federally chartered savings bank.