Spring EQ Partners with Cerberus to Expand Home Equity Financing Platform

PHILADELPHIA--(BUSINESS WIRE)--Spring EQ, a leading provider of home equity financing solutions, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. Spring EQ is a highly rated and fast-growing home equity lender in the United States with a customer-focused salesforce and national network of experienced brokers and partners. Since its founding in 2016, the comp