C&J Financial acquires Beta Capital of Portsmouth, VA.
Rainbow City, AL – C&J FINANCIAL, LLC, through its affiliate, Security National Financial Corporation (NASDAQ:SNFCA), is pleased to announce that it has acquired Beta Capital Corp. of Portsmouth, VA. Beta Capital has been operating in the assignment factoring business for over 22 years and has strong brand recognition in the industry. The transaction closed June 1, 2018.
Andrew Quist, Vice President of C&J, said, “C&J is extremely pleased we were able to come to terms with a company as well respected as Beta Capital. Their longevity in an industry that sees such frequent turnover speaks for itself. We’re happy we can now include Beta Capital’s strong group of funeral home customers in our family at C&J.”
Beta Capital has over 200 funeral home clients across the United States and funds over $30 million dollars of insurance assignments annually. Beta Capital’s presence is especially strong in the Mid-Atlantic and Mid-West regions of the United States, areas that compliment C&J’s existing network of clients.
“We believe we can build on the strong foundation of customer service Beta Capital has built over the years” said Jamie Meredith, C&J’s head of sales and Executive Vice President. “We want each and every Beta Capital client to know we will continue to provide the same excellent service you have come to expect at Beta Capital, and hopefully through this new relationship with C&J, we will add functionality and capabilities that will enhance your funding experience.”
C&J FINANCIAL, LLC is the leading provider of insurance assignment funding in North America. C&J and its affiliates serve funeral homes and cemeteries throughout the United States and in Canada, Puerto Rico and the U.S. Virgin Islands. For more information on C&J visit www.cjf.com.