Clayton Holdings has completed the acquisition of West Valley, Utah-based Green River Capital, which offers REO, short sale and broker price opinion (BPO) services.
Green River has a number of large investor, financial institution and GSE clients, a press release from Clayton indicated. It has a staff of roughly 200 and a nationwide network of over 5,000 real estate brokers.
Green River will continue to operate as a standalone entity under its current management team. The newly bought firm will still be using its current brand and doing business in its current location.Christopher West, Green River’s founder and chief executive officer, and Paul Bossidy, Clayton’s chief executive officer, are serving as the co-CEOs of Green River. Meanwhile, Joseph D’Urso is the company’s president.
“Client reaction to this acquisition has been extremely positive," Bossidy said. "Strategically and culturally, this is a very good fit for both of our firms and our clients.”
“I’ve enjoyed working closely with Paul and his team as we finalized this deal," West said. "I’m confident that together Green River and Clayton will be able to leverage each others’ strengths and continue to provide innovative solutions for our clients and the mortgage industry."