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Colonnade Securities Advises OpenRoad Lending on its sale to Clarion Capital Partners

Fort Worth, TX, September 14, 2021— OpenRoad Lending and Clarion Capital Partners announced that Clarion has completed a strategic investment in OpenRoad, the fast-growing direct-to-consumer auto finance company. OpenRoad’s co-founders, Chris Goodman, Jeff Austin, and Joseph Everly, will continue their roles as CEO, CFO, and CTO, respectively. The terms of the transaction were not disclosed. Founded in 2009 by the same executives who pioneered RoadLoans, OpenRoad partners with banks, credit unions and institutional investors to enable consumers to refinance their existing auto loans, lower their interest rates and achieve significant monthly savings. In addition, OpenRoad offers value-add … [Read more...]

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