DELRAY BEACH, Fla., July 8, 2016 /PRNewswire/ -- DRB Financial Solutions, LLC (DRB) is pleased to announce that it has closed on both a large bulk asset purchase and a bulk asset sale. We added a substantial inventory of guaranteed annuity payment rights to our balance sheet via a bulk asset purchase transaction. In addition, DRB sold a large volume of life contingent annuity payments. Combined, the two transactions totaled over $60M. Both transactions were led by David Manchester, DRB's Director of Business Development, and Jason Sutherland, DRB's Director of Capital Markets.
DRB is also in the midst of a substantial hiring boom across its various business lines.
"This is a watershed moment," said Robert Rigal, Chief Operating Officer, "as it will allow us to accelerate our growth across all of our businesses as we continue to diversify our sources of revenue."
For career opportunities please visit: http://careers.drbcapital.com/apply
About DRB Financial Solutions, LLC: The DRB Financial Solutions family of companies is a leading purchaser of annuity payments and other illiquid cash flows. DRB offers liquidity and optionality to prospective sellers in need of cash who have guaranteed or life-contingent structured settlements, annuities and/or investment annuities. DRB is also a leading provider of advances to personal injury victims, their families and attorneys. DRB also provides liquidity and lien management solutions to physicians, hospitals, diagnostic and surgical centers through its OptiMed business platform. In addition, via its CRG Financial unit, DRB is also a leading provider of liquidity to creditors of businesses in bankruptcy. DRB has over $1 billion in committed capital and employs more than 150 people in three offices. DRB Financial – The Liquidity Solutions People.
Contact: Mark Mruz
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SOURCE DRB Financial Solutions, LLC