Peer Advisors LLC announced today that it had signed a definitive agreement to acquire 100% stock of Celink. Peer Advisors is an investment group focused on opportunities in senior finance markets. Meanwhile, Celink is the biggest sub servicer of reverse mortgage loans in the US. The terms of the deal were not disclosed.

Peer Advisors was led by Jim Mahoney, Ali Benedetti and Jason McNamara. At the close of the transaction, Mahoney would serve as the Chairman of Celink and McNamara would sit as the CEO of the company. Celink would also remain headquartered in Lansing, Michigan. John LaRose, founder and CEO of Celink had agreed to remain as a consultant in the firm. On the other hand, Benedetti would take the Executive Finance Director Post while Ryan LaRose would remain as the company's President and COO.

Mahoney, a reverse mortgage industry pioneer and former longtime CEO and Chairman of Financial Freedom said, "Celink is a great company that takes excellent care of borrowers and that lenders and issuers have come to count on for quality servicing. We believe the Celink platform, coupled with the human and financial capital of Peer Advisors, will position the company to continue meeting the needs of its client base and new borrowers as it builds its product offerings. We look forward to working with the Celink team to build on the excellent foundation laid by John and Ryan as we seek to play a pivotal role in the growing reverse mortgage industry."