Hanwha Life Acquires 75% Stake in Velocity Clearing, LLC

Velocity Financial Acquires Majority Interest in Century Health & Housing Capital

December 28, 2021

Financial Services

Velocity Financial, Inc. (NYSE: VEL) has acquired a majority stake in Century Health & Housing Capital, a Ginnie Mae issuer/servicer that provides FHA-insured mortgage financing and servicing for multifamily, senior living and long-term care facilities. The acquisition expands Velocity's product suite into government-insured multifamily and healthcare lending, diversifies revenue with fee-based origination and servicing income, and is expected to be immediately accretive to earnings.

cleanwater1 Acquires Velocity Dynamics, LLC

January 3, 2024

Environmental Services

cleanwater1 (formerly UGSI Solutions), a Baird Capital portfolio company, has acquired Velocity Dynamics, LLC, a provider of proprietary dry and liquid feed systems for chemistry optimization in water/wastewater utilities and industrial plants. The deal expands cleanwater1’s product and engineering capabilities in polymer blending, chemical feed and bulk handling to support customers facing higher chemical costs and stricter environmental requirements.

CSI Acquires Velocity Solutions from H.I.G. Capital

September 18, 2024

Software

CSI, a provider of end-to-end financial software, has acquired Velocity Solutions from H.I.G. Capital. Velocity Solutions — a nearly 30-year-old provider of deposit acquisition, customer engagement and intelligent overdraft management software that serves more than 30 million consumers — will be integrated into CSI's suite of products; terms were not disclosed.

GHO Capital Acquires Velocity Clinical Research

July 15, 2021

Healthcare Services

Global Healthcare Opportunities (GHO) has acquired Durham-based Velocity Clinical Research from NaviMed Capital and other investors. GHO intends to support Velocity’s roll-up strategy of clinical trial sites, expand its integrated site model (including investment in technology and decentralized trial capabilities) and pursue further geographic expansion, including into Europe.

Ryan Specialty To Acquire Velocity Risk Underwriters

January 9, 2025

Insurance

Ryan Specialty has signed a definitive agreement to acquire Velocity Risk Underwriters from funds managed by Oaktree Capital Management. The deal will bring Velocity—an underwriting manager and managing general underwriter focused on catastrophe-exposed property risks—into Ryan Specialty’s Underwriting Managers division, with closing expected in early 2025 subject to regulatory approval.

Wedbush Financial Services Takes Significant Stake in Velocity Trade

October 12, 2022

Financial Services

Wedbush Financial Services, parent of Wedbush Securities, is making a significant investment in Velocity Trade, which would make Wedbush the largest outside shareholder (subject to regulatory approval). The partnership is intended to expand Wedbush’s global presence and product capabilities, leveraging Velocity’s international brokerage and WealthTech-enabled wealth management platform.