Trimont acquisition of Wells Fargo non-agency third-party commercial mortgage servicing business

Trimont agreed to acquire Wells Fargo’s non-agency third-party commercial mortgage servicing business on August 20, 2024 and announced completion March 1, 2025. The transaction expanded Trimont’s servicing platform and transferred approximately 700 Wells Fargo employees. Värde Partners backed Trimont’s acquisition. The disclosed servicing balances describe loans serviced and are not acquisition consideration or assets under management. The purchase price was not disclosed.