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Cotuit Mortgage Co. Acquires Providence Firm

Apr 6, 2009 | Reprints | Unlock Link | Print

Cotuit-based Gaugreault Mortgage Group (GMG), a subsidiary of Constitution Holdings Group, has acquired Providence, R.I.-based Providence Mortgage.

The transaction was completed April 1st.

Providence Mortgage currently holds mortgage broker licenses in the following states: Massachusetts, New York, Rhode Island and Connecticut.

GMG said it is pleased to welcome the staff and management team at Providence Mortgage to the team of mortgage professionals at GMG.

While many mortgage companies are going out of business or downsizing, GMG said it is negotiations to acquire several other mortgage companies at this time.

Banking & Lending