Salt Lake-based Ridgeview Capital has partnered with Koster's Cash Loans chief executive Kim Koster to buy the Las Vegas company from its founder, Bill Koster, for about $12 million.
According to the terms of the agreement, Ridgeview will own 70 percent of Koster's and will act as an adviser to the management team. The Koster's management team will own 30 percent of the company and retain Bill Koster as a consultant.
Ridgeview Capital provides investment capital and advisory services to middle-market businesses in the Intermountain West.