ECN Capital announced that it has closed the acquisition of Service Finance Holdings, LLC (“Service Finance”) on the terms previously announced.

“As a founder of Service Finance, I am excited by the immediate benefits of our strategic partnership with ECN,” said Mark Berch, Service Finance’s President. “ECN’s financial strength and resources present Service Finance with many new opportunities as we work to strengthen our business and propel growth.”

“We are beyond impressed with the Service Finance business and excited to see the early results of our partnership; increased originations and profitability,” said Steven Hudson, ECN Capital’s Chief Executive Officer. “I am pleased to welcome Mark Berch, his partners, and employees to the next chapter of growth for both Service Finance and ECN Capital.”