LDF, an alternative lender to SMEs, has acquired Southampton based broker Asset & Corporate Finance (ACF). ACF is a “major player” in the construction industry providing hard asset loans. The acquisition is said to enhance LDF’s offer to SMEs across the UK. The combined businesses will now employ over 180 staff members across its 3 businesses.
“The acquisition of ACF is a significant milestone for LDF, enabling us to achieve our growth objectives by providing us with a base to strengthen our offer in the South,” stated Peter Alderson, LDF Managing Director. “ACF have built an exceptional business through customer service, which mirrors the LDF model and brand perfectly. I am excited to welcome them on board and expand their breadth of clients and product range.”
Gary Cassell of Asset & Corporate Finance said the merger was a “brilliant partnership”.
“We see this as a major progression for our business, enabling us to significantly enhance our product range and offer an even better service to both new and existing customers.”
LDF launched lendinghive; a 24/7 asset backed funding solution for SMEs this past spring. LDF has been in operation since 1986.