Oak Street Mortgage LLC, Carmel, Ind., has announced that it plans to invest in companies in the nonmortgage areas of the financial services sector in order to diversify and create a long-term, sustainable business.The company said it has established criteria such as industries of interest, ideal company size for investment, desired structure and level of investment, and management style. "We are aggressively looking at a variety of diversification options, including acquiring or starting an insurance agency, collection company, commercial finance company, and a bank," said Richard Dennen, director of business development at Oak Street. The company can be found online at http://www.oakstreetmortgage.com.
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