Davis + Henderson announced it has satisfied all closing conditions and completed the acquisition of Mortgagebot. D+H entered into an agreement to acquire Mortgagebot on March 24, 2011 for approximately US$231.8 million, payable in cash.

The purchase price and related transaction expenses were funded through the issuance of $121.8 million of new equity by way of a previously announced Canadian offering of 6,000,000 common shares through a syndicate of underwriters co-led by TD Securities and RBC Capital Markets, and the balance, from new borrowings.

Mortgagebot is the leading provider of web-based mortgage point-of-sale solutions in the United States. The acquisition extends the range of integrated solutions D+H offers within the financial services marketplace and furthers its strategic diversification.