Transactions
Since 1989, we have completed more than 125 transactions with total deal value of over $3 billion. Clients range from middle market family business owners to Fortune 500 companies like GE Capital, West Corp., Sallie Mae, Deluxe Corp., TRW, and Dover Corporation. Approximately 75% of recent transactions have had deal values between $5 million and $100 million. Here is a representative sample:
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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.
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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.
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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.
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Mutual Hospital Services, a not-for-profit healthcare collection agency, was sold to Kadent Corporation (formerly ARM Holdings, Inc.).
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Premium Asset Recovery Corp., purchaser and collector of charged-off consumer debt, sale to Asset Acceptance Capital Corp. (Nasdaq: AACC).
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Hilco Receivables sale of a substantial minority stake in to an undisclosed investor.
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Financial Asset Management sale to American Capital Strategies (NASDAQ: ACAS).
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Risk Management Alternatives sale to NCO Group (NASDAQ: NCOG). |
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Portfolio Management Group sale to Aktiv Kapital (OSLO: AIK.OL).
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Alatax, Inc., a privately held company that specializes in government receivables management, sale to Portfolio Recovery Associates, Inc. (Nasdaq: PRAA).
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Sallie Mae Corporation's (NYSE: SLM) acquisition of Arrow Financial Services, a leading debt purchasing and accounts receivable management (ARM) company. |
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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 (NASDAQ: NCOG). |
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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). |
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West Corp's (NASDAQ: WSTC) strategy to enter the ARM industry, resulting in the acquisition of Attention, LLC. |
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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.
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Western Wats Center, Inc. (WWC), the largest independent quantitative market research firm in the US, sale to American Capital Strategies, Ltd. (Nasdaq: ACAS). |
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Signia Partners, Inc., a leading market research firm, sale to FIND/SVP, Inc. (OTCBB: FSVP).
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TRW's collection agency (one of the largest collection agencies at the time) sale to a Philadelphia, PA investor group. |