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ECN Capital Announces Review of Strategic Alternatives

March 08, 2023, 07:05 AM
Filed Under: Industry News

ECN Capital Corp. announced it has initiated a review of strategic alternatives to maximize shareholder value.

In response to interest that has been received by the company, ECN will evaluate the full range of alternatives to determine the best path forward to continue to drive growth and maximize value for shareholders. Alternatives will include strategic funding and capital relationships as well as other options. ECN has retained external financial advisors to assist in this process.

Steven K. Hudson, Chief Executive Officer of ECN, said, “Allocating capital to maximize shareholder value has been the primary objective of ECN’s management and Board since inception. Alongside our funding partners, ECN has acquired and grown exceptional businesses, divested others when opportunity and circumstances dictated, and returned capital to shareholders when appropriate. The review process announced today will be focused on achieving the best outcome for our shareholders over the coming years in our manufactured housing, RV and marine, and inventory finance businesses.”

There can be no assurance that this process will result in any specific strategic plan or financial transaction and no timetable has been set for its completion. The company does not plan to provide updates on the status of the review unless there are material developments to report.

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