DPG Investments LLC said Monday it has acquired a controlling stake in SkiBo Holdings LLC. Financial terms weren’t announced. SkiBo is a non-prime auto lending company that operates under the brand names of TSA Financial Group, Golden Eagle Lending, SkiBo Auto Sales and JADCO.
SCOTTSDALE, AZ–(Marketwired – Jun 22, 2015) – DPG Investments, LLC and its affiliates are proud to announce another successful closing. DPG has acquired controlling interest in SkiBo Holdings LLC, a non-prime auto lending company based near Atlanta, Georgia and operating under the brand names of TSA Financial Group, Golden Eagle Lending, SkiBo Auto Sales and JADCO.
DPG Chairman Daniel P. Galvanoni stated, “TSA Financial and Affiliates is a diversified financial services platform, focused on highly structured consumer credit products, specifically Subprime Lending, Purchasing of Mortgages and Note pools from regional banks and regional dealers.”
“DPG used balance sheet capital to close and will syndicate $100mm through our private clients and institutional clients over the next 36 months. DPG is aggressively looking to add on various subprime platforms, structured credit products and non-subprime lending,” noted DPG Chief Operating Officer Westley Anderson.
“Wes Anderson, Jerry Hudsepth and Bill Brooksbank were instrumental in the buyout of TSA. Mr. Hudspeth’s advice and experience is invaluable to DPG and to TSA. He built the largest servicing platform in the nation, scaling it from $900million to $18billion, largely management alternative assets, in partnership with Bank of America,” explained Daniel P. Galvanoni.
“DPG Investments has a world class team and investor base. Dan Galvanoni has built a cutting-edge business and we knew right away DPG was the right partner,” commented Jim Duryea, Chief Operating Officer at SkiBo Holdings.
Daniel P. Galvanoni will join TSA and Affiliates as Chairman of the Board.
About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, Connecticut and Georgia, DPG was founded in 2004 from a top tier family office. DPG is a recognized, premier multi-strategy global private equity, merchant banking, alternative investment, and multi-family office advisory firm.
DPG’s diversified private investor base is comprised of a select group of cutting-edge, ultra-high net worth and high net worth private family offices, offshore affiliates, private equity firms, public capital corporations, top tier hedge funds, insurance companies, endowments, pension plans and various best-in-class operating partners. As a financier, investor or merchant banker structuring in excess of $1 billion in capital commitments since 2004, DPG currently has 26 private equity holdings with a current focus in global consumer finance products, financial services, specialty finance platforms, real estate, alternative energy, oil and gas, natural resources, entertainment and media, special situation and distressed investing, selective venture capital, direct private lending, structured credit products and fund vehicles.
DPG takes pride in delivering customized capital solutions in a disciplined entrepreneurial system.