Tuesday, March 15, 2016
DIMONT Snags Strategic Investment From Renovo
Dallas-based DIMONT, a provider of specialty insurance and loan administration services to the residential and commercial financial services industry, has scored a strategic investment from Renovo Capital, the two said today. Financail details of the deal were not disclosed, although the announcement suggested the deal is a majority equity acquisition. Renovo Capital is the owner of RealtyTrac and Homefacts. DIMONT said that, as part of the deal, it has reached a five year deal with current President and CEO Denis Brosnan to continue on in its position.