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southernmanagement.com

Founded Year

1981

Stage

Loan | Alive

Total Raised

$353.5M

Last Raised

$3.5M | 2 yrs ago

About Southern Management Corporation

Southern Management Corporation is a consumer finance company with branch locations throughout the Southern United States. The Company provides fully amortizing installment loans, related credit insurance and ancillary products to individuals with limited access to credit.

Southern Management Corporation Headquarter Location

Vienna, Virginia, 22182,

United States

703-902-9555

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Latest Southern Management Corporation News

Milestone Partners Acquires Southern Management Corp.

Jul 22, 2021

Milestone Partners has completed the acquisition of Southern Management Corporation, a consumer finance company. “Southern is a tremendous and well respected platform within the highly fragmented consumer installment loan industry providing essential access to loans and services to individuals underserved by traditional lenders. We are honored to partner with Southern’s management team to continue to grow the company as they serve their customers,” said Adam Curtin, Principal at Milestone. Milestone, the management team of Southern and other co-investors provided equity capital for the transaction, while Wells Fargo Bank provided a senior credit facility. Southern is a consumer finance company with 244 branch locations throughout the Southern United States. The company provides fully amortizing installment loans, related credit insurance and ancillary products to individuals with limited access to credit. As one of the largest participants in the installment loan industry, Southern has branch operations in Alabama, Georgia, Oklahoma, South Carolina, Tennessee and Texas. Southern is based in Greenville, SC ( www.southernfinance.us ). “We are pleased to partner with Milestone to complete this transaction, which positions the company on solid financial footing to execute its long-term strategic plan. We are excited to enter this new phase of Southern’s development and remain committed to serving our customer base and communities with the utmost integrity and the highest levels of professionalism,” said Roy Little, President of Southern. Milestone Partners invests in leveraged buyouts and recapitalizations of lower middle market businesses typically in the $15 million to $100 million valuation range. The firm prefers niche-market leaders that provide high-margin products or services. The firm was founded in 1995 and is located in Radnor, PA ( www.milestonepartners.com ). The law firm Pepper Hamilton advised Milestone, while Hyde Park Capital, Raymond James & Associates, and Nelson Mullins Riley & Scarborough advised Southern. Share on twitter

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Southern Management Corporation Rank

  • When was Southern Management Corporation founded?

    Southern Management Corporation was founded in 1981.

  • Where is Southern Management Corporation's headquarters?

    Southern Management Corporation's headquarters is located at Vienna.

  • What is Southern Management Corporation's latest funding round?

    Southern Management Corporation's latest funding round is Loan.

  • How much did Southern Management Corporation raise?

    Southern Management Corporation raised a total of $353.5M.

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