In 1999, Angel Acquisition Corporation was formed under the name Palomar Enterprises and began servicing the residential mortgage market as a licensed real estate mortgage broker
In 1999, Angel Acquisition Corporation was formed under the name Palomar Enterprises and began servicing the residential mortgage market as a licensed real estate mortgage broker. Angel Acquisition now purchases, renovates, and sells real estate in the residential market, while actively pursuing foreclosed and financially distressed properties to buy and re-sell.
They now employ seven full-time real estate agents and licensed mortgage brokers. In May of 2008, the company announced the completion of the sale of The BlackHawk Fund, its major subsidiary. Angel Acquisition Corp. is a business that is diversified, they acquire already-profitable businesses in different industries in order to spin off each venture as a publicly traded company.
Angel Acquisition Corp. stakes out a majority stock in each company they obtain, creating multiple subsidiary companies that consolidate financials on the balance sheets. Through their many acquisitions of profitable companies, Angel Acquisition Corp. has the ability to experience tremendous growth through their diverse holdings in multiple industries. Private companies turning massive profits, and with a potential to net higher profits in the industry, are analyzed and considered as possible acquisitions. Once it has been decided, Angel Acquisition Corp. obtains a majority interest in the business and tries to raise significant capital through equity placements.
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