Spandrel Development Partners Acquired by Peachtree Group | Financial Services M&A Deal

Peachtree Group has completed the acquisition of Spandrel Development Partners, a commercial lending business in Alabama, for $32M. Spandrel Development Partners supports hotel development financing through construction lending, aligning with Peachtree Group acquisitions in AL commercial lending. Peachtree Group acquires Spandrel Development Partners to provide $32.36 million in construction capital for an Alabama hotel project, strengthening its private equity acquisition pipeline. The other acquisition is categorized as announced and sized within the $25M–$50M range, reflecting a targeted financial services deals AL strategy focused on construction financing terms.