JG Wentworth and Peachtree Merger: The impact on Annuitants wishing to sell their Structured Settlement
On July 12, 2011, J.G. Wentworth and Peachtree Financial Solutions simultaneously issued a press release announcing that they had completed a transaction allowing them to operate under a single company, JGWPT. The merger has made a significant impact within the structured settlement and annuity factoring industry.
“This is a great opportunity for both companies and their respective customers,” David Miller, CEO of J.G. Wentworth stated. “It brings together two strong specialty finance companies who will continue to operate independently.”