Clayton Merges With Murrayhill

Clayton Services, a Shelton, Conn.-based provider of loan and portfolio analysis, operations support, and consulting services, and the Murrayhill Co., a Denver-based securities surveillance and credit risk management business, have united under a newly formed holding company, Clayton Holdings.Frank Filipps, currently chairman and chief executive officer of Radian Guaranty, is slated to become the new chairman and CEO of Clayton Holdings upon his pending retirement from Radian. The private equity firm TA Associates is the controlling shareholder of both Clayton Services and Murrayhill and has invested $134 million of capital into Clayton Holdings, the company said. The new firm will leverage each company's technology, databases, and analytic and consulting capabilities to provide a spectrum of information-based services to support loan origination, securities issuance, securities monitoring, and loan servicing. Joining Mr. Filipps is Steve Lamando, founder and CEO of Clayton Services, who has been named president of Clayton Holdings and joins its board of directors. Sue Ellis, CEO and founder of Murrayhill, will move from her Murrayhill post to join the Clayton Holdings board of directors. Kevin Kanouff will continue as president of Murrayhill.