Inverness Graham-Backed Concord Servicing Acquires Equiant Financial Services

Wayne, PA, August 15, 2023 – Inverness Graham, a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry, announced today that its portfolio company Concord Servicing (“Concord”) has acquired Equiant. Concord’s specialty loan technology platform serves multiple specialty loan markets including the fast-growing solar and energy efficiency market. Equiant, based in Chandler, AZ, offers software solutions and servicing expertise for dozens of customers serving a range of specialty consumer loans. Concord is a portfolio company of Inverness Graham Investments IV and the Inverness Graham Green Light Fund, which is focused on high-growth, technology-enabled lower middle market businesses that are supporting decarbonization or other environmentally sustainable solutions.

“We are thrilled about the addition of Equiant,” stated Paul Nolen, Managing Principal at Inverness Graham. “Together, these complementary businesses can build upon their mutual investments in industry-leading vertical market solutions for fast-growing and dynamic markets including the rooftop solar and energy efficiency space. They will enhance their operations and deliver better portfolio performance for their customers. We look forward to supporting the team in its next phase of growth.”

“We are excited to join forces with Equiant,” stated Jason Alexander, CEO of Concord. “This acquisition serves as a key catalyst that will help us benefit from our significant investments to deliver world-class performance in growing specialty markets for our customers.”

Mr. Alexander will lead Concord and Equiant under one leadership team.

Terms of the transaction were not disclosed. Aeris Partners served as exclusive financial advisor to Equiant.


About Inverness Graham Investments
Inverness Graham is a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry. The firm’s Flagship strategy focuses on high-growth businesses leveraging technology in Healthcare, Software and Advanced Manufacturing. The firm’s Green Light strategy targets technology-enabled businesses where Environmental Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary “Strategic Platform Build” approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value creation resources and an innovative mindset to support its portfolio company partners.

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