CIVC Partners, a Chicago-based middle market private equity firm focused on investments in the financial services and business services industries, announced the acquisition of Shelter Mortgage from its parent company, Guaranty Bank. As part of the transaction, a total of more than $200m in new lines of credit have been secured with J.P. Morgan, Bank of America, and Guaranty Bank.
Shelter Mortgage, based in Milwaukee, WI, is a leading retail residential mortgage originator predominantly focused on conforming purchase money loans generated through partnerships with realtors, builders, and relocation companies.
Founded in 1984 as a subsidiary of Guaranty Bank, Shelter has over 170 loan officers located across the country and is licensed to originate loans in 28 states.
Shelter is CIVC’s fourth platform investment in the mortgage industry since the firm’s initial investment in the industry in 1992.
Sandler O’Neill served as financial advisor to Guaranty Bank on the transaction.
