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Laureate Capital Acquires $325 Million of Commercial Servicing Rights.
Charlotte, NC -- Laureate Capital has acquired Atlanta-based Wilson & Nolan Southeast for an undisclosed amount, in a move that will expand Laureate's Atlanta operations and give it a presence in Jacksonville, Fla.
The acquisition includes Wilson & Nolan's $325 million servicing portfolio and loan origination platform, Laureate, a subsidiary of Branch Banking and Trust Co., reports.
Geoff Nolan, founder of Wilson & Nolan, will join Laureate's Atlanta office.
Berke Wilson, co-founder of the company, is not joining Laureate and will "maintain the management and leasing components" of Wilson & Nolan.
Laureate Capital specializes in arranging financing, and asset and portfolio management. The company also services securitized loans, loans for life insurance companies and Freddie Mac.
Wilson & Nolan has arranged more than $3.5 billion in debt transactions throughout the Southeast since 1987, according to Laureate, and the firm recently opened a second office in Jacksonville.
Mr. Nolan said, "Our debt placement and servicing expertise combined with Laureate's large resource base - including BB&T's growing presence in Atlanta and Jacksonville - will make for a successful union. Laureate has one ...
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