05:34 PM EDT, 06/11/2024 (MT Newswires) -- Ready Capital ( RC ) said late Tuesday that it has acquired Madison One Capital, M1 CUSO, and Madison One Lender Services.

"The transaction is expected to generate more than $300 million of USDA volume annually, expanding our government-guaranteed small business offerings, while increasing the company's gain on sale earnings," said CEO Thomas Capasse.

The company did not disclose the terms of the transaction.

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