DivestmentMay 4, 2026, 08:51 AM
Tiptree Completes Sale of Reliance First Capital for $47.3M Cash
AI Summary
Tiptree Inc. and its subsidiary, Reliance Holdings LLC, completed the sale of all issued and outstanding membership interests of Reliance First Capital LLC to Carrington Mortgage Services, LLC. The transaction, pursuant to a Purchase Agreement dated October 31, 2025, closed on May 1, 2026. At closing, Tiptree received $47,291,890 in cash, with an additional $2,000,000 and $1,027,798 held in escrow for purchase price adjustments and specified tax matters, respectively.
Key Highlights
- Tiptree Inc. completed the sale of Reliance First Capital LLC.
- The buyer was Carrington Mortgage Services, LLC.
- Sellers received $47,291,890 in cash at closing.
- $2,000,000 is held in escrow for purchase price adjustment.
- $1,027,798 is held in escrow for specified tax matters.