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On July 12 of this year, Peachtree Financial Solutions and JG Wentworth had announced that their transaction had finally been completed, and the two companies are now owned by JGWPT, which is a private holding company. J. G. Wentworth is a leader in the purchases of structured settlements while PeachTree Financial Solutions is a leader in purchases of lottery payments & funding on special assets. According to the CEO of J. G. Wentworth, David Miller, this is a wonderful opportunity for the two companies, and it’s great news for their customers. They are two strong finance companies, and they are brought together though will be operating independently. Their products are made more accessible to more people. Peachtree is purchasing special assets as well as structured settlements, annuity and also pre-settlements. They also operate in several other categories like life settlements and other areas that J.G. wasn’t actively part of. JG Wentworth will gain a lot from the strength of Peachtree in these categories while Peachtree will also benefit from their ability in accessing efficiently the capital markets. It is known that these two companies will continue to be independent in their operations, but their significant synergies are going to be accumulated with their combined operations. They have complementary offerings to their clients, and it’s very exciting what they can do together. The CEO of Peachtree, Jim Terlizzi, is going to have a seat in the board of directors while Peachtree would continue to use their existing facilities that are based in Boynton Beach, Florida and others. These two companies are the leading companies that make purchases for illiquid financial assets. That means they purchase annuity finances like in lottery winnings wherein you can get your prizes not in a lump sum but in annuity up to a certain period. This is good for people who want to have stability knowing that they’d be receiving money regularly but there can be times when such an amount would not be enough at a particular time. Instead of finding other means to find the money knowing that you have it, but you can’t get it in a lump sum these two companies are the ones you can go to. They will purchase your illiquid financial assets for a lump sum amount. This is very helpful to a lot of people, especially on medical emergencies that they need an urgent lump sum amount and not be on a queue for their requests to be processed. Their lump sum will not be of the same amount if you add your annuity amount but considering the law of economics with interests and time as a factor, and because it is urgent, you will find their offers to be logical and fair.
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