Residential Mortgage Services, Inc. (www.rmsmortgage.com) is a leading independent retail mortgage bank focused on the New England residential market. The Company is currently the largest “purchase money” lender in the Maine and New Hampshire markets, and is a top five player in the Massachusetts purchase market. Through its network of over 30 regional field offices located throughout New England, the professionals at RMS strive to make the “last mile” of home ownership as simple and straightforward as possible. Thousands of families have relied on the Company’s expert advice, broad product selection, and high level of personal attention to achieve their home ownership dreams. Since 2010, RMS has closed over 24,000 loans with an aggregate value in excess of $5.3 billion.
Formed in 1994, Eos (www.eospartners.com) is a private investment firm with approximately $1 billion of private equity capital and commitments to invest alongside outstanding managers in growing companies. Eos focuses on working closely with management teams, and committing its understanding of strategic alternatives and the financial markets to help grow these businesses into larger scale, leading enterprises.
Residential Mortgage Services, Inc. (“RMS” or the “Company”) of South Portland, Maine, announced that it has been recapitalized by Eos Partners, L.P. and its affiliates (“Eos”), a New York based private investment firm. As part of this transaction, RMS received an equity investment that more than doubled its capital base, with Eos purchasing a minority equity stake in the Company. This transaction is the successful culmination of an initiative led by Bigelow LLC on behalf of RMS to proactively seek out the “Next Best Investor” for the Company.
“Eos is the perfect partner to help RMS embark on its next phase of growth. The firm has extensive experience working with rapidly growing companies to help them achieve their goals, and they are also knowledgeable about the mortgage industry. We are excited to partner with Eos to build a bigger and stronger enterprise that will provide our employees, customers, and referral community the opportunity to grow and benefit from the company’s continued success.” Jim Seely, CEO Residential Mortgage Services, Inc.
“We look forward to working with Jim and the entire RMS management team to help the Company capitalize on the many opportunities it has before it, both internally and externally, within and outside of New England. We are impressed with the RMS team and the company they have built, and believe this is a unique time to invest in this sector.” Brendan Moore, Managing Director Eos Partners