Leading Home Equity Provider Spring EQ Completes Sale to Cerberus

PHILADELPHIA--(BUSINESS WIRE)--Spring EQ, a leading provider of home equity financing solutions, today announced that it has completed its previously announced acquisition by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. With the completion of the transaction, Spring EQ officially joins Cerberus’ Residential Opportunities platform to take the next step in its journey to deliver best-in-class offerings and expand its leadership in the home equity fi