Hampton Financial Corporation Closes Its Acquisition of Oxygen Working Capital Corp.

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TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) advises that it has closed its acquisition of Oxygen Working Capital Corp.(“OCC”) of Oakville, Ontario which was described in the Company’s news release dated March 28, 2024. The acquisition represents Hampton’s first foray into the Commercial Lending sector. OCC is a specialized lender focused on the commercial factoring business with clients across Canada, and with prospects for expanded reach and continued growth.

“We are delighted to have completed this transformative transaction which, strengthened by Hampton’s capital markets capabilities, we anticipate will continue to provide commercial financing opportunities for OCC’s existing and future clientele, in turn providing Hampton with a stable source of long-term earnings, with significant opportunity for growth, for years to come. To ensure continuity of business, and thus leveraging the experience, knowledge of, and relationships built within, the industry, OCC’s management team, in its entirety, will remain in place and will continue to work closely alongside the Hampton team in overseeing OCC’s current operations, and will undoubtedly serve a significant role in the Company’s future success,” says Hampton Executive Chair & CEO, Peter Deeb.

About Hampton Financial Corporation

Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.

Through HSL, Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital, they need to create value for investors. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness as they build and manage their professional practice.