California-based acquisition-focused holding company Avkha Equity said that it has taken a considerable stake in investment solutions provider Madison Parker Finance.
The financial terms of the deal were not disclosed.
Based in New York, Madison Parker Finance specialises in providing financing solutions for medium to large businesses. The company’s array of services includes business funding, asset-backed solutions, business loans, upfront consolidation, mass consolidation, and revolving lines of credit.
Avkha Equity has announced that the addition of Madison Parker Finance to its expanding portfolio signifies the firm’s dedication to offering financial support to businesses for their growth, operational needs, and specific projects.
Furthermore, the acquisition complements its existing portfolio companies, said Avkha Equity.
By facilitating funding for medium to large businesses, Madison Parker Finance is said to serve as a vital player in aiding businesses with swift and efficient access to capital.
Avkha Equity said that the acquisition of a substantial stake in Madison Parker Finance and its subsidiaries harmonises seamlessly with its strategy of acquiring businesses that actively contribute to fostering economic growth and empowering businesses to prosper.
Avkha Equity president and CEO Dominic Foster said: “This acquisition is a strategic move to strengthen our portfolio and broaden our capabilities in acquiring great businesses with phenomenal staff and economic footprint.
“Madison Parker Finance has a stellar reputation for excellence in the industry, and we are excited about the opportunities this collaboration brings. Together, we aim to further empower businesses with the capital, resources, and strategic guidance they need to achieve their goals.”
