Marlin Business Services Corp. announced the completion of its acquisition by funds managed by affiliates of HPS Investment Partners LLC effective January 20, 2022, for $23.50 per share in an all-cash transaction. Marlin Business Services Corp is a nationwide provider of capital solutions to small businesses.
Marlin joins the Global Leasing Platforms (the "Platforms") maintained by HPS affiliates, which include PEAC UK and PEAC Europe, and operate in 11 countries combined.
“We are pleased to have successfully concluded the transaction with HPS which has delivered significant value to Marlin’s shareholders. We’re excited to be part of the Global Leasing Platforms which will create new opportunities for us to better serve our equipment dealers & manufacturer partners and expand into new markets. Our focus on providing fast & flexible financing solutions to small businesses has been a key driver of Marlin’s success and we will continue to improve & innovate on the experience we provide to customers & partners.”
Jeffrey A. Hilzinger, Marlin’s President and CEO
Bill Stephenson, CEO of HPS’ Global Leasing Platforms, commented, “By combining our global strategy with experienced local teams we are creating a full-service commercial finance organization to support our equipment dealers and customers. Marlin is an exciting addition to our platforms, and we look forward to building on its success.”
Marlin has been converted into a wholly-owned subsidiary of funds managed by affiliates of HPS, and its common stock has been delisted from the Nasdaq Global Select Market.