US-based investment firm DPG Investments has acquired Dividend America, an asset-backed loan and deal flow origination platform, for an undisclosed sum.
Dividend America will trade as a wholly owned subsidiary of DPG Investments.
DPG Investment’s private equity portfolio comprises over 23 active private equity interests across a diversified range of sectors and industries.
As part of the agreement, Dividend America executives Michael Gross, Fred Barber and Jason Mauney will assume key executive posts in DPG’s multi-strategy global investment advisory platform specifically to focus on DPG Private Capital, and DPG Capital Markets.
DPG Investments chairman Dan Galvanoni said the acquisition of Dividend America extends its origination arm and provides significant executive talent for its various operating private capital platforms.
"The new executives will assist in the management of DPG’s rapidly growing affiliated platforms, which include DPG Private Capital, DPG Natural Resources and Energy, DPG Capital Markets, DPG Lending and various DPG-branded special purpose vehicles to hold direct allocations and manage post-investment assets," Galvanoni added.
Established in 1998 and based in Atlanta, Dividend America is a multi-strategy transaction origination platform, which provides expertise in business restructuring, real estate, construction funding and complex business solutions.
DPG Investments and affiliates deliver global alternative investment management and advisory services through their offices in Arizona, California and Georgia.