January 5, 2023 • News, Portfolio

Olive Corporate Purchases ScaleCo Company Budco Financial

Budco Financial Services is Acquired by PayLink Direct

On Friday August 19th, ScaleCo portfolio company Budco Financial (Detroit, MI) was acquired by PayLink Direct (Chicago, IL).

To read more on the partnership, visit Business Wire.

About Budco

Budco was founded in 1981 by Bud Brian as an outsourced print- and mail-marketer for the then-Detroit “Big Three”. In 2001, the company added a financial services division and subsequently went through several acquisitions – first selling to Beringer Capital in 2006 and then to Glencoe Capital in 2011, minus the financial services arm. This provided Mr. Brian the opportunity to repurchase the financial services arm from Beringer Capital, creating the Budco Financial entity.

Budco Financial has evolved through several acquisitions to become an industry leader specializing in serving the automotive industry as a payment-plan program management solution. Budco has helped OEMs, dealerships and vehicle service contact administrators who have large amounts of small transactions to create consistent revenue streams by delivering no- or low-interest payment plan solutions.