MVB Financial Corp. /
Warp Speed Holdings LLC
MVB Financial Corp. takes a 37.5% stake in Warp Speed Holdings LLC
- Valuation
- $48m
- Stage
- Closed
What happened
MVB Financial Corp. completed its purchase of a 37.5% interest in Warp Speed Holdings LLC. The transaction was valued at $48 million, comprising $38.4 million in cash and $9.6 million in MVB common stock.
Warp Speed Holdings LLC serves as a holding company for businesses focused on loan origination and servicing, insurance brokerage and data analytics.
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MVB Financial Corp. takes a 37.5% stake in Warp Speed Holdings LLC
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