Excel Acquires Worker’s Finance Company
Austin, TX. May 13, 2016, – Daniel Cordova, Vice President of Excel Finance Company (“Excel”) announced today that Excel has acquired Worker’s Finance Company located in Austin, TX. Founded over 49 years ago, Worker’s Finance brings approximately 470 active customer relationships to Excel’s existing customer base. This acquisition increases Excel’s branch locations to 34, which are concentrated in Texas and Louisiana.
Cordova stated, “Elroy Issleib and his family built a great company over the years and we congratulate them on such a great success story. The many sacrifices that Elroy and his family made over the years to ensure Worker’s Finance was a success truly embodies the entrepreneurial spirit. Excel is fortunate to have this opportunity to acquire such a long-standing business in the fast growing South Congress Area of Austin. We believe that with the expanded line of products that Excel brings to Worker’s Finance, current and future customers will benefit from this acquisition.”
About Excel Finance:
Founded in 1999, Excel, through various lending subsidiaries, is a leading provider of consumer, auto and motorcycle loans to over 20,000 active customers across Texas and Louisiana. Excel currently has 34 branch locations with over 140 employees.
Additionally, Excel is an active buyer of locally-owned finance companies throughout Texas and Louisiana. Excel provides local business owners with an exit strategy, while providing a post-closing business model which preserves customer relationships that have been built over years of hard work.
If you have any inquiries, please contact Jessica Rosa at (512) 608-0035 or email email@example.com.
Excel Announces Mr. Cash Acquisition
Finance Company Expands Texas Footprint
Austin, TX. October 22, 2013, – William P. Tedrow, CEO of Excel Finance Company (“Excel”) announced today that Excel has acquired Mr. Cash, an established consumer finance company with locations in Edinburg, McAllen and San Juan, TX. This acquisition adds approximately 1,400 active loan accounts to Excel’s existing business.
William Tedrow stated, “The purchase of Mr. Cash is a natural fit for Excel, given our existing presence in McAllen and surrounding communities. I would like to personally welcome the employees and customers of Mr. Cash into the Excel Family of Companies. Finally, I would like to thank Timothy Vorbeck and team for successfully closing this acquisition.”
Celebrating $50 Million Milestone
Austin, TX. June 1, 2013, – William P. Tedrow, CEO of Excel Finance Company (“Excel”) is pleased to announce the achievement of the “$50 million Portfolio Milestone” that was recently reached by Excel. For the first time in Excel’s 14-year history, it has exceeded gross portfolio balances of $50 million, comprised of approximately 22,500 active loan accounts. Below summarizes the various contributions from each of the lending divisions within Excel:
Texas Auto Loan Division: Under Steve Ulrich’s leadership this division contributed $20.4 million in portfolio balances, comprised of approximately 2,100 loan accounts. Branches within this division include Austin, Beaumont, College Station, Longview, Lufkin and San Antonio.
Texas Consumer Installment Loan Division: Under George Eure’s leadership this division contributed $12.2 million in portfolio balances, comprised of approximately 4,300 loan accounts. Branches within this division include Austin, Longview, Odessa, Pasadena, Temple and Texarkana.
Louisiana Consumer Installment Loan Division: Under George Eure’s leadership this division contributed $10.9 million in portfolio balances , comprised of approximately 3,200 loan accounts. Branches within this division include Alexandria, Baton Rouge, Houma, Lafayette, Lake Charles and New Iberia.
Texas Small Loan Division: Under Timothy Vorbeck’s leadership this division contributed $6.5 million in portfolio balances, comprised of approximately 12,900 loan accounts. Branches within this division include Bay City, Bellville, Carrizo Springs, Eagle Pass, El Campo, Floresville, Lake Jackson, Laredo (3), McAllen, Mission, Pearsall, Pleasanton, Pharr, Rio Grande, Roma and Weslaco.
Tedrow stated, “The consumer finance space in Texas and Louisiana is very competitive. To say that I am proud of Excel’s employees for this accomplishment is an understatement. Under George, Steve and Tim’s leadership, the various divisions within Excel continue to produce positive results for the organization. As a token of my appreciation to Excel’s employees, the organization will be hosting a special employee celebration on Friday, June 14, 2013. Most importantly, I would like to thank Excel’s customers for their continued support in our organization”.
Excel Finance Opens Lake Jackson Office
Finance Company Expands Texas Footprint
Austin, TX. May 31, 2013, – William P. Tedrow, CEO of Excel Finance Company (“Excel”) announced that today, Excel officially opened a new office in Lake Jackson, Texas, a community with a population exceeding 25,000. This new location is a fully functional loan office and is located at 135 Oyster Creek Drive, Suite D. The office’s telephone number is (979) 480-0933 and the hours of operation are 9:00 to 6:00, Monday – Friday. The opening of this location increases Excel’s branch locations to 36, which are concentrated in Texas and Louisiana.