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ECN Capital Completes Sale of Kessler Group Business to Stone Point Capital

October 11, 2022, 07:05 AM
Filed Under: Mergers & Acquisitions

ECN Capital Corp. announced it has closed its previously announced sale to funds managed by Stone Point Capital LLC of all of the issued and outstanding equity interests in ECN Kessler Holdco LLC, a wholly owned, indirect subsidiary of the Company through which ECN Capital operated the Kessler Group business.

ECN Capital expects to use the net proceeds of the transaction to initially pay down debt and then redeploy a portion of the proceeds to accelerate its tuck-in acquisition strategy in its prime marine and RV financing business.

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