Roark Capital Group, an Atlanta-based private equity firm, announced today the acquisition of Millennium Funding Group by Ace Mortgage Funding, a Roark portfolio company. Millennium is a wholesale loan originator that currently funds over $1 billion of annual volume through a network of 4,000 approved brokers primarily located in the Western U.S. and Florida. Millennium will become a wholly-owned subsidiary of Ace, a retail mortgage broker originating over $3 billion in residential mortgages through 700 loan officers at 26 locations licensed in 42 states. Millennium is Roark’s fourth acquisition in the financial services sector.
Millennium Funding Group Acquired by Private Equity Investor
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