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Oak Street Adds Debt Recovery.(Brief Article)
Oak Street Mortgage here has a joint venture with Hudson & Keyse, a retail-commercial debt recovery service.
"Consistent with Oak Street's diversification strategy, we have been actively seeking opportunities to invest growth capital in the financial services sector that will enhance our shareholders value," said Steve Alonso, chairman and CEO of Oak Street.
"Oak Street brings us access to an excellent management team as well as key relationships in the banking industry," said Joe Carroll, President-CEO of Hudson & Keyse. "By leveraging those relationships and moving towards more purchased debt in our portfolio, I believe we are positioned to achieve significant growth in the near future as well as the long term."
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Source: HighBeam Research, Oak Street Adds Debt Recovery.(Brief Article)