Olive Corporate Purchases ScaleCo’s 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.
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.
ScaleCo is a microcap private equity firm that acquires controlling interests in small, high gross margin companies and infuses capital, operational expertise and strategic guidance in order to scale their growth potential. For over 25 years, ScaleCo has managed four committed funds and invested more than $165M in 22+ platform companies. ScaleCo is currently investing out of its committed capital fund (ScaleCo Fund IV). To learn more, visit scaleco.com.
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