Republic Finance to be Acquired by J.C. Flowers-Led Group

Republic Finance, which operates 250 branches across 17 states, will remain under the leadership of its current management team. While the terms of the deal were not disclosed, the Phillips family—long-term shareholders in the firm—will maintain an equity interest alongside the new owners. The acquisition signals a shift for the Plano-based lender as it looks to integrate technology and scale from the Nowlake Group of Companies to accelerate its growth.

Thomas Harding, Managing Director at J.C. Flowers, highlighted the lender’s regulatory discipline and customer base as key drivers for the investment. For CVC Capital Partners, the sale concludes a multi-year partnership, with Partner Daniel Brand noting the firm's pride in the company's development. The deal remains subject to customary regulatory approvals, with Wells Fargo and BMO Capital Markets serving as financial advisors to the respective parties.