DPG Investments Acquires Dividend America
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--DPG Investments, LLC, today announced the acquisition of Dividend America LLC, an asset-backed loan and deal flow origination platform. The acquisition price is not being disclosed.
Dividend America, founded in 1998, is transitioning into a wholly owned subsidiary of DPG Investments and joining DPG as a fifth wholly owned majority controlled operating company. DPG’s private equity portfolio consists of more than 23 active private equity interests across a diversified range of sectors and industries.
Dividend America executives Michael Gross, Fred Barber and Jason Mauney are assuming roles as key executives in DPG’s multi-strategy global investment advisory platform specifically to focus on DPG Private Capital LLC, and DPG Capital Markets LLC.
Dividend America is a multi-strategy transaction origination platform based in Atlanta with five operating executives and more than 15 origination national and global executives. With a diverse leadership, the partners of Dividend America supply expertise in business restructuring, real estate, construction funding and complex business solutions. Dividend America’s pipeline of current loan and lending-related transactions exceeds $500 million.
Dividend America has assisted 125-year-old investment banking firms, hedge funds and other non-bank lenders with origination, processing and pre-underwriting transactions across all 50 states. Over its 14-year history, Dividend America professionals have assisted with loans from $500,000 to $65 million.
“The acquisition of Dividend America extends DPG’s origination arm and adds significant executive talent to DPG’s various operating private capital platforms,” said Dan Galvanoni, Chairman of DPG Investments. “The new executives will assist in the management of DPG’s rapidly growing affiliated platforms, which include DPG Private Capital LLC, DPG Natural Resources and Energy LLC, DPG Capital Markets LLC, DPG Lending LLC and various DPG-branded special purpose vehicles to hold direct allocations and manage post-investment assets.”
“DPG-affiliated credit facilities, its private investor network and allocation base all have significant liquidity and capacity, ranging from $5 million family office allocations to more than $1 billion in capabilities for opportunistic structured financings,” Galvanoni said. “Our challenge has been sourcing enough high-quality investment opportunities for the abundance of capital available. We believe the Dividend America platform and its team will successfully bridge that gap.”
Michael Gross, who is maintaining his role as President of Dividend America and becoming a Senior Director with DPG, said, “DPG Investments has a world-class platform, team and private investor base. Its products offer significant competitive advantages in the capital markets arena. With a dedicated national origination team of more than 20 seasoned executives and plans for growth, we’ll be leveraging the DPG brand, increasing high-quality deal flow and focusing exclusively on origination and client management.”
Ed Hartwell, DPG’s Director of Origination in Atlanta, was instrumental in developing DPG’s relationship with Dividend America and a key figure in the deal, according to Galvanoni.
DPG Investments and affiliates provide global alternative investment management and advisory services. With offices in Arizona, California and Georgia, DPG specializes in the allocation of capital across various asset classes on behalf of its select ultra-high net worth family offices and institutional private equity managers. DPG's current focus in the alternative investment sector includes real estate lending and acquisition, renewable energy and natural resources, corporate private equity, asset management, fund-to-fund advisory and venture capital. Through its solid platform and disciplined approach, DPG maintains a predominant foothold in the capital markets, trafficking significant and high-quality opportunities on a consistent basis.
Currently, DPG works principally and in conjunction with its numerous domestic and international capital partners, which service a diverse scope of transactions on a co-investment and allocation basis. These partners include hedge funds, REITS, equity portfolios, private merchant banks, pension funds and life insurance companies. DPG maintains a strong focus on ultra-high net worth family office partnerships throughout the U.S., Asia, Latin America and Europe.