Asset manager Hunt Companies Inc. has acquired Centerline Holding Co.
The Centerline acquisition gives Hunt a national mortgage-banking service that offers Fannie Mae, Freddie Mac, Housing and Urban Development/Federal Housing Administration, commercial mortgage-backed securities and other debt products. Hunt expects the deal to expand its affordable housing asset management business. Terms of the transaction were not disclosed.
El Paso-based Hunt has about $24.8 billion in assets under management.
Paul Weiss Rifkind Wharton & Garrison LLP and DLA Piper LLP provided legal advice to Hunt on the deal.
Recent asset manager deals include NewSpring Holdings LLC's acquisition of Wealthcare Capital Management Inc., and Estancia Capital Partners LP's purchase of Sustainable Growth Advisers LP.