Mass Capital Ventures Acquires Versatile Credit

July 16, 2015  by in Acquisition, Industry   

Terms were not disclosed, but Versatile Credit will operate as a private company. Millersburg, Pa.-based MidPenn Bank will maintain its relationship as Versatile Credit’s senior leader. 

“Versatile Credit has tremendous growth potential, particularly if focused exclusively on providing the best possible consumer lending experience,” said Mike May, principal of Mass Capital Ventures. “The company has been very successful in serving the retail furnishings market. That same experience and best practices knowledge will also benefit other underserved markets such as automotive and jewelry.”

Vicki Turjan, chief financial officer of Versatile Systems, was named president of Versatile Credit.

“The only change our existing customers will see is a new logo and the introduction of new value-added applications and services,” said Turjan. “Our continuity of service and operations are assured by a strong management team with more than 50 years of combined industry service.”