Transaction creates comprehensive GTCR-backed platform spanning consumer and commercial markets with over $35 billion in managed assets.
Concord Servicing (“Concord”), a leading provider of credit administration software and services, announced the strategic acquisition of Orion First (“Orion”), the leader in third-party portfolio management and analytics for the equipment finance industry.
The transaction positions Concord as a leading technology-enabled provider of credit administration solutions across the consumer finance, commercial lending, and asset-backed finance markets. Orion First is the first acquisition for Concord since GTCR, a leading private equity firm, invested in the company in December 2024.
Strategic Market Expansion
The acquisition represents a major expansion into commercial finance, leveraging Orion First's market-leading position in equipment lease servicing.
This expansion allows us to meet the growing needs of our originator, lender, and capital provider clients by delivering end-to-end credit administration and servicing solutions across both consumer and commercial end markets," said Dhruv Vakharia, CEO of Concord. "By combining Concord’s deep consumer sector expertise with Orion's commercial finance capabilities, we’ve built an unmatched platform that delivers best execution across multiple markets and products, addressing a clear gap in the industry. We’re excited to welcome the Orion First team to the Concord family as we continue to scale in support of our clients.
