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January 2013

Shelter Mortgage

The Investment

CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the financial services and business services industries, is pleased to announce the firm’s acquisition of Shelter Mortgage (“Shelter” or the “Company”) from its parent company, Guaranty Bank. Two limited partners invested alongside CIVC funds as co-investors. As part of the transaction, a total of more than $200 million in new lines of credit have been secured with J.P. Morgan, Bank of America, and Guaranty Bank.

The Company

Shelter Mortgage, based in Milwaukee, WI, is a leading retail residential mortgage originator focused on conforming purchase money loans generated through partnerships with realtors, builders, and relocation companies. Founded in 1984 as a subsidiary of Guaranty Bank, Shelter has over 170 loan officers located across the country and is licensed to originate loans in 28 states. For additional information on Shelter Mortgage, visit www.shelter-mortgage.com and for information on partnership opportunities, visit www.sheltermortgagepartnerships.com.

Value-Add Approach

Shelter is CIVC’s fourth platform investment in the mortgage industry since the firm’s initial investment in the industry in 1992. CIVC’s extensive industry experience was a strong selling point for the owners and management team and will help Shelter take advantage of the recovering housing market. Shelter has been growing, but its growth has been constrained by its parent’s inadequate regulatory capital position. With new capital provided and arranged by CIVC, Shelter will be positioned to capture more opportunities. Shelter Mortgage is led by Jill Belconis, who founded the Company in 1984 and has been President since 1992, and a senior management team each with over 25 years of experience in the mortgage industry, mostly with Shelter and Guaranty Bank. CIVC expects to add value by helping Shelter through its transition to a standalone entity, assisting in the addition of new warehouse lenders, broadening its mortgage loan buyer base, and bringing on two outside board members who are former industry CEOs with extensive experience in the mortgage industry.

If you have an opportunity that might be an add-on acquisition candidate for Shelter Mortgage or might fit with our financial services focus, please contact Dan Helle or Marc McManus.

CIVC Partners

CIVC Partners is a Chicago-based private equity firm with over 20 years of private equity experience. CIVC has completed 54 platform transactions and dozens of add-on acquisitions since 1989. CIVC currently manages over $1.3 billion in private equity funds. Shelter Mortgage is the sixth platform investment in CIVC Partners Fund IV, which closed in 2010. Previous Fund IV investments are Pipeline Industries, PowerTeam Services, Honor Finance, EN Engineering, and Equipment Transport. CIVC provides growth and buyout capital to middle-market companies and executives with a focus on financial services and business services. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

 
 
CIVC PARTNERS: 191 N. Wacker Drive, Suite 1100, Chicago, IL 60606 | © 2017 CIVC Partners. All Rights Reserved.|CIVC PARTNERS: 191 N. Wacker Drive, Suite 1100, Chicago, IL 60606 | © 2016 CIVC Partners. All Rights Reserved.