Newport Beach-based Brillion Asset Solutions has acquired San Diego-based Infinity National Asset Management.
Brillion sad that the acquisition increases its portfolio of clients and increases its vast real estate practitioner network, leading to a timely disposition of non-performing assets.
As a result of the transaction, Infinity’s management, employees, broker network and client engagements have been transferred to Brillion.
At the closing of the transaction Jay Kister, former president of Infinity, became the executive vice president for Brillion.
Brillion CEO John Fukuda said that through their proprietary technology platform developed specifically for Brillion by their key technology partner, Channel Companies, they are providing an all-inclusive environment for the disposition, tracking, and closing of all types of transactions, from commercial and residential REO to commercial and residential short sale.
Terms of the transaction were not disclosed.