Transactions

Since 1989, Kaulkin Ginsberg has advised on or initiated more than 130 transactions with a total deal value of over $3 billion. Our clients range from middle-market family business owners to Fortune 500 companies including GE Capital, Sallie Mae and Deluxe Corp. Here is a representative list of completed transactions. 

Tombstones

Kaulkin Ginsberg acted as ClearPath's strategic advisor in providing financing to Capio....

Kaulkin Ginsberg Announces IAB Solutions, LLC's Acquisition by Skillman Management & Capital, LLC...

Kaulkin Ginsberg announces that Mercantile Adjustment Bureau, LLC, one of the fastest growing companies in the ARM industry, has acquired Creditors Interchange Receivable Management, LLC ("CI")....

 Kaulkin Ginsberg is pleased to announce the acquisition of Patient Financial Services, Inc. and Absolute Collection Service, Incorporated (collectively, “ACS”) by Optimum Outcomes, a leading provider of account resolution services to hospitals ...

Pinnacle and NARS

Kaulkin Ginsberg is pleased to announce the sale of O’Currance Teleservices, Inc., a portfolio company of Riverlake Partners. O’Currance is one of the leading providers of direct response marketing telesales services in the U.S. ...

Pinnacle and NARS

EOS Group, a company of the Otto Group, acquired the Canadian debt collection business of Nor-Don Collection Network Inc. (NCN) and thus entered the Canadian market via the acquisition

Pinnacle and NARS

Pinnacle Financial Group, Inc. (PFG), a leading accounts receivable management (ARM) firm headquartered in Minneapolis, Minnesota was acquired by National Asset Recovery Services (NARS), a H.I.G. Capital Portfolio Company.

RLJ and Enhanced Recovery

RLJ Equity Partners, LLC, has joined forces with the senior management team of Enhanced Recovery Corporation to form Enhanced Recovery Company, LLC.

ARC and ROI

ARC Group Associates, a healthcare revenue cycle management company in Pennsylvania, was acquired by Receivables Outsourcing, Inc. (ROI), an ARM company based in Maryland.

Bureau of Collections Recovery (BCR), a leading accounts receivable management company that has served the credit industry for over 25 years, was acquired by Aditya Birla Minacs, a global business solutions company and a subsidiary of Aditya Birla Nuvo Ltd.

O'Connor-Ravell Associates, Inc. was acquired by Commercial Collection Corporation of New York

O'Connor-Ravell Associates, Inc., a commercial accounts receivable management firm based in New Jersey, was acquired by Commercial Collection Corporation of New York.

TSYS Total Debt Management, Inc., a division of TSYS was acquired by NCO Group

TSYS Total Debt Management, Inc., an ARM service provider and a division of TSYS (NYSE: TSS) was acquired by NCO Group.






National Credit Systems acquires Rapid Collection Systems

National Credit Systems (NCS), a Georgia-based debt collection agency specializing in apartment and rental collections has acquired Rapid Collection Systems (RCS), an Arizona collection agency that also serves clients in this sector.

Greystone Alliance, LLC acquires Elite Recovery Services

Greystone Alliance, LLC. was formed to acquire the assets and facilities of Elite Recovery Services, a debt collection firm in Buffalo that ceased operations.

Astra Business Services is acquired by Central Credit Holdings

Astra Business Services, a U.S. debt collection firm was acquired by Central Credit Holdings, Inc, parent company of Central Credit Services, an accounts receivable management solutions provider headquartered in Jacksonville, FL.


United Recovery Systems acquired by Audax Group

United Recovery Systems, L.P., a debt collection agency specializing in bank card / credit card contingency collections, was acquired by Audax Group, a private equity group providing investment capital for middle market companies.

Shanahan and Goldman acquire Eastern Revenue, Inc.

Kyle Shanahan and Larry Goldman, longtime industry professionals, acquired Eastern Revenue, Inc., a third-party collection agency based in Audubon, PA.

Fidelis acquired by Dennis Cunningham

Fidelis Recovery Solutions, Inc., a third-party contingency collection agency based in Marietta, Georgia, was acquired by industry veteran, Dennis Cunningham.

Northland Group aquired by Mason Wells

Northland Group, a business process outsourcing provider focused on accounts receivable management and collection services, was acquired by Mason Wells, a leading Midwest-based private equity firm.

Teleperformance - AllianceOne

Teleperformance (Euronext: FR 0000051807), the world's co-leading provider of outsourced CRM and contact center services, acquired AllianceOne, a leading U.S. Accounts Receivable Management (ARM) company.

Great Seneca - Asta

Great Seneca Financial Corp., purchaser of charged-off consumer debt, sold a $6.9 Billion debt portfolio to Asta Funding (NASDAQ: ASFI) for $300 million. At the time, it was the largest debt sale, in terms of purchase price, ever conducted in the industry.

MHS - Kadent

Mutual Hospital Services, a not-for-profit healthcare collection agency, was sold to Kadent Corporation (formerly ARM Holdings, Inc.).

PARC-AACC

Premium Asset Recovery Corp., purchaser and collector of charged-off consumer debt, sale to Asset Acceptance Capital Corp. (NASDAQ: AACC).

Hilco Receivables sale of a substantial minority stake in to an undisclosed investor.

Financial Asset Management sale to American Capital Strategies (NASDAQ: ACAS).

Risk Management Alternatives sale to NCO Group.

Portfolio Management Group sale to Aktiv Kapital (OSLO: AIK.OL).

Alatax, Inc., a privately held company that specializes in government receiv ables management, sale to Portfolio Recovery Associates, Inc. (NASDAQ: PRAA).

Sallie Mae Corporation's (NYSE: SLM) acquisition of Arrow Financial Services, a leading debt purchasing and accounts receivable management (ARM) company.

Helped formulate and implement GE Capital's (NYSE: GE) investment strategy in the collection industry, resulting in the acquisition of 2 agencies and subsequent sale of its collection business to NCO Group.

Helped formulate and implement Vertex's entry into the U.S. debt collection industry with the acquisition of First Revenue Assurance. Vertex is a division of UK-based United Utilities (NYSE: UU).

West Corp's (NASDAQ: WSTC) strategy to enter the ARM industry, resulting in the acquisition of Attention, LLC.

Account Solutions Group sale to ICICI OneSource, an India-based BPO company. This transaction marks the first time an Indian firm has acquired a U.S. collection agency.

Western Wats Center, Inc. (WWC), the largest independent quantitative market research firm in the US, sale to American Capital Strategies, Ltd. (NASDAQ: ACAS).

Signia Partners, Inc., a leading market research firm, sale to FIND/SVP, Inc. (OTCBB: FSVP).

TRW's collection agency (one of the largest collection agencies at the time) sale to a Philadelphia, PA investor group.

LATEST BLOGS

Financing an Acquisition

January 21, 2015

Interest rates are low, the economy is growing, business is great and you want to make your first acquisition. What's more, you've already identified the perfect add-on opportunity to support the expansion of your current business. However, you don't like the idea of tying up all of your working capital in a new business endeavor, and you still may not have enough cash on hand to make an acquisition outright.


Fortunately, financing options are available if...

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New Moves at the Top of the ARM Industry

January 12, 2015

Last week, West Corp. announced it entered into a definitive agreement to sell its accounts receivable management (ARM) business to Alorica, Inc., a California-based provider of call center solutions. When this transaction closes, West will effectively exit from an industry in which it emerged as one of the biggest players.

This transaction is the latest example of major changes taking place among the largest ARM firms in the United States. Late last... ....
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Is 2015 the Year of the Acquisition?

January 6, 2015

As we return to our desks after the start of the New Year, the first few days are filled with well wishes for a happy, healthy and prosperous year and questions about your resolutions. On the personal front, popular resolutions are to exercise, spend time with family or read more. What about professional resolutions? Are you and your leadership team setting corporate New Year's resolutions? Perhaps you're resolute to cut travel expenses, train more and - one of... ....
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EVENTS

DBA International's 18th Annual Conference


ARIA Resort and Casino
Las Vegas, NV
February 3rd-5th, 2015

DBA International's 18th Annual Conference - Passport to the Future - is one of the most well attended events in the industry attracting more than 1,500 attendees. As a sponsor, your company will receive unprecedented exposure to potential clients and leaders in the receivables industry. Providing opportunities for exceptional lead generation.......

» see this event's details


ACA of Texas 67th Annual Conference & Expo


Crowne Plaza Austin
Austin, TX
February 16th-18th, 2015

The 67th Annual Conference and Exposition will be moving to Austin, in conjunction with its 2015 Legislative Summit. Come early or stay over, network with your peers, learn from nationally recognized experts and see the latest products and services from our 30 exhibitors.

Mike Ginsberg, President and CEO of Kaulkin Ginsberg, will be speaking.......

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ACA International Spring Forum and Expo


Hyatt Regency
San Antonio, TX
March 25th-27th, 2015

Join your fellow ACA members in San Antonio and reignite your passion for compliance and healthcare collections at the Spring Forum & Expo 2015! Experience fresh approaches around every corner to help your business leap ahead of the competition.

Click here for more information.

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