TIMIA Capital to acquire Pivot Financial for $6M to expand lending business
The acquisition, through which Pivot will stay a subsidiary, is meant to accelerate the SME lender's growth.
Vancouver’s TIMIA Capital Corporation has agreed to acquire the business of Pivot Financial, a private lender for small- and medium-sized businesses for $6 million in cash and shares. The combined company’s pro forma assets surpass $100 million, according to a statement from TIMIA.
Established in 2015, Pivot ope…