Global Lending Services (GLS), a leader in automotive financing, entered into a definitive agreement to be acquired by Sixth Street, a global investment firm. Chief Executive Officer Steve Thibodeau and GLS’s long-tenured management team will continue to lead the Company. Terms of the transaction were not disclosed.

For over a decade, GLS has served over 1 million lifetime customers and works with more than 19,000 dealerships nationwide across its multichannel origination strategy. The Company is backed by a robust leadership team with an average of 20 years of industry experience, as well as a range of institutional partners.

“This acquisition and partnership marks a transformative step in GLS’s growth journey, and we are thrilled to have found an experienced partner in Sixth Street to help fuel our next chapter,” said Steve Thibodeau. “Our mission has always been focused on our customers, and we are confident that with Sixth Street’s scale, resources, and deep expertise in ABF, we will be even better positioned to serve our customers across the country. We believe transportation should be more accessible and affordable, and we look forward to working with our new partners to execute on our long-term growth plans.”

“In a highly fragmented auto financing market, GLS stands out for its robust operational capabilities, disciplined risk management, strong capital base, and demonstrated track record of serving its customers,” said Michael Dryden, Partner and Head of Asset Based Finance at Sixth Street. “We are thrilled to partner with Steve and the highly experienced management team to continue to build on the company’s already strong momentum in the market.”

Goldman Sachs & Co. LLC and Wells Fargo are serving as the financial advisors and K&L Gates LLP is serving as legal advisor to GLS. JPMorgan Securities LLC is serving as financial advisor and Simpson Thacher & Bartlett LLP and Mayer Brown LLP are serving as legal advisors to Sixth Street.