January 5, 2023 • Blog, Company Feed Highlights, News, Scale Community
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.
About ScaleCo
ScaleCo Capital is a Cleveland-based lower middle market private equity firm that focuses on control-oriented leveraged buyout and growth equity investments in fast-growing companies based primarily in the Great Lakes region. ScaleCo partners with companies in the verticals of business services, tech-enabled services, value added distribution and assembly, and training, compliance, and education sectors, bringing operational expertise and strategic resources to scale their growth potential and build long-term value. To learn more, visit scaleco.com.
