TORONTO, Oct. 04, 2022 (GLOBE NEWSWIRE) — ECN Capital Corp. ECN (“ECN Capital” or the “company“) is pleased to announce that it has completed its previously announced sale of all issued and outstanding interests in ECN Kessler Holdco LLC (the “Kessler Group”) to funds managed by Stone Point Capital LLC (“Stone Point”), a wholly owned indirect subsidiary of the Company through which ECN Capital operated the Kessler Group’s business (the “Transaction”).

ECN Capital expects to use the net proceeds of the transaction to first pay down debt and then reallocate a portion of the proceeds to accelerate its tuck-in acquisition strategy in its premier marine and RV finance businesses.

About ECN Capital Corp.

ECN Capital Corp. ECN is a leading provider of business services to North American banks, credit unions, life insurance companies, pension funds and mutual funds (collectively, our “Partners”). ECN Capital sources, manages and advises on behalf of its partners in relation to credit assets, particularly in secured loan portfolios in the prefab, marine and recreational home businesses. Our partners are looking for quality assets to match their deposits or other liabilities. These services are provided through three operating companies: Triad Financial Services, Source One Financial Services and Intercoastal Finance Group.

About Stone Point Capital

Stone Point is an investment firm based in Greenwich, CT with over $45 billion in assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in a range of alternative asset classes, including private equity through its flagship fund, Trident. Stone Point also manages both liquid and personal loan funds and managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing specialized financing solutions. For more information, please visit