LenderLive Services LLC
, headquartered in Denver, has acquired reQuire Holdings LLC
, a Virginia Beach, Va.-based group of companies that provide compliance, quality assurance and valuation solutions for the residential and commercial real estate market.
“The acquisition of reQuire strengthens our current franchise and solidifies LenderLive’s position as a leading provider of financial and compliance services,” said John Surface, President and Chief Operating Officer of LenderLive. “The transaction deepens our management team and gives us a broad set of adjacent products that significantly expand our ability to serve our clients.”
“We are very excited to join the LenderLive family,” said Al Will, Chief Executive Officer of reQuire. “This combination significantly enhances our scale and capabilities that will enable us to deliver even greater value to our clients and new opportunities for our employees.”
Evercore acted as LenderLive’s financial advisor and Ballard Spahr LLP acted as legal counsel to LenderLive in connection with the acquisition.