Deal expands Achieva’s CUSO portfolio
VIENNA, Va., Sept. 18, 2024 /PRNewswire-PRWeb/ — Capstone Strategic, Inc. (Capstone) is pleased to announce the successful acquisition of Veritas Title Service of St. Petersburg, Florida by Achieva Credit Union, headquartered in Dunedin, Florida. The acquisition was executed through Achieva’s CUSO Holding Company and coincides with the launch of a new credit union service organization (CUSO), Achieva Title Services.
“We knew exactly who to go to as a strategic partner. Capstone helped us identify a solid fit acquisition prospect to help deliver more solutions to our members. They also ensured a smooth due diligence and negotiation process.”
Achieva called upon Capstone’s extensive experience in helping credit unions meet their strategic growth objectives through the acquisition of privately held organizations. Capstone assisted Achieva from the initial strategy development stage when the credit union set the goal of acquiring a title company. That was followed by Capstone working to develop a viable pipeline of acquisition prospects, evaluating and prioritizing those prospects, providing outreach to owners, conducting valuations, and helping negotiate the terms of what would become the final deal.
“It was a great experience to once again work with the Capstone team to bring about a successful transaction for our growing CUSO portfolio,” said John Wintermeier, Chief Business Officer at Achieva Credit Union and CUSO Holding Company Chairman. “We knew exactly who to go to as a strategic partner. Capstone helped us identify a solid fit acquisition prospect to help deliver more solutions to our members. They also ensured a smooth due diligence and negotiation process.”
“Proactive growth through acquisition remains the focus of our business but building relationships – with clients and owners — is really at the heart of what we do,” said Capstone Partner John Dearing.
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is the leader in mergers and acquisitions for credit union service organizations (CUSOs). The firm helps CUSO and credit union leaders develop, evaluate, and implement growth initiatives. Established in 1995 by CEO David Braun, Capstone specializes in strategic not-for-sale acquisitions and corporate growth strategies and has facilitated over $1 billion in transactions in more than 100 industries. For additional information go to the Capstone website at https://www.capstonestrategic.com or call 703-854-1910
About Achieva Credit Union
Achieva Credit Union was founded in 1937 in Pinellas County, Florida. Today, it is rated a Superior 5-Star credit union by Bauer Financial and has more than $2.8 billion in assets and over 26 branches serving more than 194,630 members. For more information, visit http://www.achievacu.com
Media Contact
Brent Holliday, Capstone Strategic, 703-854-1910, bholliday@capstonestrategic.com, https://www.capstonestrategic.com/
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SOURCE Capstone Strategic
