OceanPoint Funding, an affiliate of OceanPoint Financial Partners, yesterday announced its pending acquisition of Lending Associates. Led by Grant Smalling and Jack Crittenden, Lending Associates is headquartered in St. Petersburg, Fla., with a team serving the West Coast, Great Lakes, New England, Texas and Florida.
“The acquisition of Lending Associates represents a significant milestone in our growth strategy,” Jack Murphy, president of OceanPoint Financial Partners, said in a statement. “This acquisition will be an exciting step; it will expand our capabilities and help more customers realize their dreams of boat or RV ownership.”
The transaction is subject to the receipt of requisite regulatory and other necessary approvals and customary closing conditions and deliverables. OceanPoint anticipates the transaction will close in the second quarter of 2026, at which time the two teams will operate under the unified brand OceanPoint Funding, led by Smalling.
OceanPoint Financial Partners is the parent company of the OceanPoint Marine Lending brand.
