Serficor (IMAP Mexico) and Capstone Headwaters (IMAP USA) are pleased to announce that Investar Financial Corporation has sold a majority stake of Maxitransfers Corporation (“Maxi”), a leading service provider for fast, secure, and reliable international money transfers, to Housatonic Partners, a growth-oriented private equity firm focused on investing in recurring services companies in the U.S.
Maxi is a money services business (“MSB”), providing primarily money transfers in the US-Latin American corridor since the early 2000’s. Maxi operates through a network of over 2,800 active agents in 44 U.S. states and over 40,000 payors in 17 Latin American countries. Maxi has experienced annual growth rates of over 25% in the last 5 years and has positioned itself in the top 5 MSBs in the LatAm corridor.
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with high recurring revenues. Housatonic Partners has backed exceptional management teams in more than 90 small to mid-sized companies over the last 26 years.
The Serficor and Capstone Headwaters teams, led by Gilberto Escobedo and David Bench, advised Investar Financial Corporation throughout the sales process.