Sunset Brands Inc. has closed on a deal for Investment Capital Fund Group (ICFG), an automobile financial services company.
ICFG, headquartered in Macon, Ga., has more than $70 million in assets, including collateralized and uncollateralized auto loans and leases. The company had $1.6 million in revenue for 2012, a 25 percent jump from 2011.
Jacksonville, Fla.-based Sunset Brands, which does business as Sunset Capital Assets, is a diversified financial services firm that focuses on acquiring and investing in federally insured banks, mortgage companies, insurance and other companies in the southeast U.S. Terms of the deal were not disclosed.