Flagship Credit Acceptance LLC
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Flagship Credit Acceptance LLC - overview
Established
2010
Location
West Chester, PA, US
Primary Industry
Financial Services
About
Based in Pennsylvania, US, and founded in 2010 by Michael Ritter, Flagship Credit Acceptance functions as a financial intermediary within the automotive financing sector that purchases retail installment contracts from dealerships and subsequently provides financing solutions to individuals with lower credit scores. In September 2010, Perella Weinberg Partners acquired Flagship Credit Acceptance for approximately USD 50mn. Flagship Credit Acceptance specializes in automotive financing for customers with low credit. The firm accepts a variety of payment methods, including recurring and one-time payments, MoneyGram, Western Union Quick Collect, ACI Speedpay, and phone payments.
Flagship assists clients in rebuilding their credit and seeks solutions that are tailored to their financial situation.
Current Investors
Flagship / CarFinance
Primary Industry
Financial Services
Sub Industries
Consumer Finance
Verticals
FinTech
Company Stage
Merged
Total Amount Raised
Subscriber access only
Flagship Credit Acceptance LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out, Trade Sale | Announced | Flagship Credit Acceptance, LLC's Operating Assets and Business Operations | - | ||||||||
| Merger | Completed | CarFinance Capital LLC, Flagship Credit Acceptance LLC | - | ||||||||
| Buyout | Completed | Flagship Credit Acceptance LLC | - | ||||||||
| Buyout | Completed | Flagship Credit Acceptance LLC | - |
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