O’Brien-Staley Partners Completes $15.1MM Strategic Acquisition of AmeriNational Community Services

MINNEAPOLIS--()--O’Brien-Staley Partners (OSP), a Minnesota-based investment management firm, today announced the completion of its $15.1 million acquisition of one of the premier economic development and affordable housing loan servicers in the country, AmeriNational Community Services (AmeriNational).

“On a longer-term basis, we are confident that AmeriNational will continue growing its client base and servicing portfolio organically.”

After the acquisition, AmeriNational will operate as a fully independent subsidiary of O’Brien-Staley Partners. Adrienne Thorson will remain Chief Executive Officer (CEO) and Chief Financial Officer (CFO) and she will assume additional responsibility as Board Chair. Mike Torres will remain the company’s President and Chief Operating Officer (COO). Thorson and Torres each have more than 25 years of experience with the company. Teresa Matheson will remain Servicing Manager and Debbie Zamora will remain Operations Manager. Ms. Matheson and Ms. Zamora each have more than 15 years with the company. Victor Merritt, who has more than 13 years of experience in the servicing industry, will remain Director of Default Management.

“The O’Brien-Staley Partners team has built a strong reputation among municipalities nationwide as an investor in economic development loans,” said Adrienne Thorson, CEO and CFO of AmeriNational. “We are excited about our strategic and cultural fit with OSP and we believe it will create tremendous value for both firms.”

As an active investor in commercial and industrial credits, O’Brien-Staley Partners enjoys a long-term client relationship with AmeriNational.

“Our uniformly positive experiences with AmeriNational has fostered a strong trust in the depth, capability, and integrity of AmeriNational’s management team,” said Adam Bernier, Chief Operating Officer of O’Brien-Staley Partners. “On a longer-term basis, we are confident that AmeriNational will continue growing its client base and servicing portfolio organically.”

During its initial 100 days post-acquisition, AmeriNational will focus on three critical objectives:

  • Refreshing its branding and marketing materials;
  • Intensifying its direct client communication with emphasis on Hardest Hit Fund awardees and Habitat for Humanity organizations nationwide; and,
  • Converting its corporate entity to a limited liability company (LLC) and re-establishing its corporate banking relationships and other corporate service providers.

About AmeriNational Community Services

AmeriNational Community Services is an industry leader in servicing loan portfolios owned or originated by governmental and quasi-governmental entities across the nation. Founded in 1975, it now has 227 clients and manages in excess of $5 billion in loans. AmeriNational has customized its technology platforms to meet the specific needs of its customers and their borrowers, ensuring that its technology is responsive to the loan types serviced. AmeriNational employs over 90 FTEs with operations in Downey, California; Albert Lea, Minnesota; Baltimore, Maryland; and Tampa, Florida. AmeriNational is a registered or licensed loan servicer in 42 states and the District of Columbia in addition to being approved by HUD and Fannie Mae. Additional information available at www.amerinational.net.

About O’Brien-Staley Partners

O’Brien-Staley Partners is a world-class value-investing firm that specializes in US financial industry dislocation. E. Gerald O’Brien (former head of CarVal Investors global loan portfolios) and Warren Staley (retired chairman of Cargill, Inc.) are the firm’s founders. Through them, O’Brien-Staley Partners is imbued with the core value investment discipline, risk management and governance DNA that has long been recognized as hallmarks of their personal and professional brands. With these roots, and based in the Twin Cities, the firm attracts key financial professionals with similar pedigrees and deep market awareness to specialize in commercial & industrial loans, commercial real estate credits, economic development credits and other banking situations. Additional information available at www.eda-recap.com.


O’Brien-Staley Partners
Media Contact: Bruce Weintraub, Director
Phone: (248) 561-8785
E-mail: bruce.weintraub@osp-group.com