ECN Capital Closes Acquisition of Triad Financial Services

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ECN Capital closed the acquisition of Triad Financial Services on the terms previously announced.

“As the CEO of Triad, I am excited for this partnership and next chapter in our business,” said Don Glisson, Jr., Triad’s CEO. “ECN’s financial strength and resources will allow Triad to pursue opportunities to further strengthen our business and enhance growth.”

“With over 50 years of lending experience, Triad has proven itself as a trusted partner to both its borrowers and its bank and credit union partners,” said Jim Nikopoulos, ECN Capital’s president. “We are very proud to welcome Triad to ECN Capital and excited for our future together.”

“I want to commend both Jim and the ECN team, as well as the management at Triad, for successfully getting this transaction closed in 2017, more than a month ahead of schedule,” said Steven Hudson, ECN Capital’s CEO.  “We look forward to our partnership in 2018 and beyond.”

With total owned and managed assets of more than $4.7 billion, ECN Capital is one of North America’s leading finance companies. ECN Capital operates in five verticals: Home Improvement Finance, Manufactured Housing Finance, Commercial & Vendor Finance, Rail Finance and Aviation Finance.

Triad Financial Services is one of the oldest lenders in the manufactured housing industry with over 50 years of lending experience. Triad has an established a position in the prime consumer lending market with long established partnerships with both dealers and manufacturers.

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