On July 1, 2011, Wells Fargo Bank, N.A. completed its acquisition of Castle Pines Capital LLC (CPC), a provider of innovative, worldwide channel financing to resellers in the technology industry. The transaction was originally announced on May 26, 2011. 

CPC's channel finance capabilities will join the family of commercial products and services offered by Wells Fargo Capital Finance, part of the Wholesale Banking group.  The business will continue to serve its customers and marketplace under the Castle Pines Capital identity while its systems and processes are added to those of the broader organization.

More information can be found in the press release that details the announcement.

Answers to questions about the acquisition

Why did Wells Fargo acquire CPC?

Wells Fargo has enjoyed a long and successful relationship with CPC, first as a customer of the Lender Finance division of Wells Fargo Capital Finance, and then as part of a strategic alliance that began in 2007.  Wells Fargo has been a minority investor in CPC's business since that time, and with our support, their business has grown significantly.  This acquisition will allow both companies to expand CPC's existing channel financing capabilities under the Wells Fargo Capital Finance umbrella.

As a CPC customer, who should I contact with questions about the acquisition?

If you have questions, please reach out to your existing point of contact at CPC.

Will the CPC name change?

The business will continue to market under the Castle Pines Capital identity while its systems and processes are added to those of the broader Wells Fargo organization.  We will continue to keep customers updated well in advance of those changes.

About Wells Fargo Capital Finance