06:22 AM EDT, 06/28/2024 (MT Newswires) -- Montfort Capital ( MONTF ) , a provider of focused private credit strategies for institutional investors, family offices, and wealth managers, late on Thursday said it has closed the purchase of the remaining 22% of Langhaus Financial Partners it didn't already own.

Montfort paid for the stake with about 5.3 million newly issued common shares.. Montfort bought the 2,931 common shares in Langhaus it didn't already own in exchange for the shares that were priced a $0.50 for a total cost of about $2.6 million.

Langhaus is a non-bank provider of insurance policy-backed lending services to high-net-worth individuals and entrepreneurs throughout Canada.