Roark Capital Group, an Atlanta-based private equity firm, has announced the acquisition of Millennium Funding Group by Ace Mortgage Funding, a Roark portfolio company.The terms of the transaction were not disclosed. Millennium, a wholesale loan originator whose broker network is located chiefly in the West and in Florida, will become a wholly owned subsidiary of Ace, a retail mortgage broker. "Millennium will be a valuable addition to our business, providing Ace an integrated origination and aggregation platform," said Richard Hall, chief executive officer of Ace Mortgage Funding. The companies can be found on the Web at http://www.roarkcapital.com, http://www.acerefi.com, and http://www.mfgloans.com.
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