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Edmonds Group arranges $30m subprime account purchase program

May 16, 2014SSN Staff

ST. LOUIS—The Edmonds Group in April announced the initial closing under a $30 million program to purchase subprime security alarm accounts from one of the nation's largest alarm companies. The buyer, a large alternate asset investing firm, will buy accounts with low credit scores and accounts with no credit score available. The seller will enter into a long-term agreement with the buyer to provide monitoring, billing and onsite service for the purchased customers. Neither party wished to be...

Henry Edmonds, subprime, The Edmonds Group

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