Texas Finance Company Executes on Acquisition Strategy
(PRWEB) August 19, 2012
Austin, TX: William P. Tedrow, CEO of Excel Finance Company (“Excel”) announced today that Excel has acquired Riata Finance, headquartered in Pleasanton, TX. Riata Finance was founded in 1995 and adds approximately 800 active customer relationships to Excel’s existing customer base.
William Tedrow stated, “Riata Finance is a fine organization, with a strong tradition in the communities in which it services. We will do our best to uphold this long-standing tradition. Furthermore, I would like to personally welcome the employees and customers of Riata into the Excel Family of Companies.”
About Excel Finance:
Founded in 1999, Excel, through various lending subsidiaries, is a leading provider of consumer and auto loans to over 20,000 active customers across Texas and Louisiana. Excel currently has 31 branch locations with over 140 employees.
Additionally, Excel is an active buyer of locally-owned finance companies throughout Texas and Louisiana. Excel provides local business owners with an exit strategy, while providing a post-closing business model which preserves customer relationships that have been built over years of hard work.
If you have any inquiries, please contact Julie Vorbeck at (512) 608-0035 or email jvorbeck(at)excelfinco(dot)com.
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