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

Valentine's Day

February 13, 2015

On Valentine's Day, I will celebrate my wife and the wonderful life we share together. Like many other married couples who are fortunate enough to be together for more than two decades, we've experienced a lot together. We've celebrated the birth of our two sons, mourned the passing of family and friends, and experienced numerous significant life changes together.


As a husband, I reflect upon my true love and how privileged I am to have her as a part of my...

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Kaulkin Ginsberg's Top 10 Reasons for a Flurry of M&A Activity in 2015

February 9, 2015

Faced with numerous challenges over recent years - including fiscal regulation, economic variability and seemingly erratic client behaviors - buyers and sellers of U.S. ARM companies have been reluctant to complete mergers and acquisitions. That is, until now. Over the past six months, we have experienced a flurry of M&A activity, and we are confident this trend will continue in 2015 for the following reasons:


Driven by an owner's desire to sell, or an...

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Business Valuation: What is it, and do I need one?

January 27, 2015

Do you own a business or know someone who does? Chances are, nearly everyone will answer this question with a resounding, "Yes!" It's a pretty simple question. However, there is another seemingly simple question that few business owners can answer: How much is my business worth?

Many owners say it doesn't matter since they don't plan to sell the business, their kids are going to take over someday, or an eventual sale is years away. This attitude is all... ....
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EVENTS

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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ACA International Washington Insights Conference


Hyatt Regency Washington on Capital Hill
Washington, D.C.
April 14th-16th, 2015

Why is right now so important? The beginning of the 114th Congress is upon us. As a result of the November elections, Republicans now control both the Senate and House, and there is a new determination to get things done. New congressional members are now learning what they need to know about the issues and concerns.......

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2015 Larger Market Participant Summit


FHI360 Conference Center
Washington, D.C.
April 23rd, 2015

insideARM.com and the iA Institute host the third annual Larger Market Participant Summit.

This exclusive event caters to the unique interests of the larger firms in the ARM industry, with unparalleled peer networking, best practice discussion, panels focused on the latest issues... and no exhibit hall.


For senior executives only,.......

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