TORONTO — Financeit Canada Inc. says it has acquired home improvement financing rival Simply Group Financial.
Financial terms of the deal were not disclosed.
Financeit provides point-of-sale financing for the home improvement, recreational vehicle and retail markets.
Financeit chief executive Michael Garrity says the deal is a milestone for the company and expands its footprint.
The Toronto-based company was founded in 2011.
It was acquired by InterVest Capital Partners from Goldman Sachs in 2022.
This report by The Canadian Press was first published June 26, 2023.
The Canadian Press