April 25, 2011 – Philadelphia, PA – Steven Kusic, President & CEO of National Recovery Agency (NRA) is pleased to announce that an agreement has been reached with the shareholder of ACA Receivables, LLC d/b/a American Agencies (AA) to acquire the assets of the California based consumer accounts receivable management firm. NRA will operate American Agencies as a wholly owned subsidiary. Terms of the transaction were not disclosed.
“NRA is an impressive organization with visionary leadership that made the transaction seamless. NRA plans to immediately leverage American Agencies sales team with representatives in 14 different states and offices in Provo, Utah and Los Angeles, CA, to expand its national footprint. NRA expects that this acquisition will immediately be significantly accretive to its earnings”, noted Michael D. Lamm of Kaulkin Ginsberg, an M&A advisor on the transaction.
“With the acquisition of American Agencies, NRA is able to further strengthen our infrastructure to enhance our collection services for the benefit of all of our clients, no matter what size, both immediately and long term”, said Steven Kusic.
About American Agencies
Founded in 1969, American Agencies has a well-established foundation as a leader in the collection industry for over 40 years. Having a diversified client base, licensing and authority across the United States, American Agencies is a national collection agency leading in commercial and consumer collections. For over four decades, American Agencies has partnered with creditors – some of them Fortune 100 organizations – to formulate and execute specialized recovery strategies in various industries including telecommunications, banking, education, and healthcare.
Press Contact: Mike Nelson, 801-358-5533
About National Recovery Agency
National Recovery Agency, with over 350 employees, is a leading nationwide provider of receivables management and business process outsourcing solutions. Headquartered in Harrisburg, PA, the company offers outsourced collections, payment processing, and call center services to healthcare facilities, governmental entities, utility companies, retail and direct marketing, financial services, higher education institutions, and debt buyers.NRA distinguishes itself based on its Centers of Excellence for Compliance, Training, and Technology. The company has achieved the Professional Practices Management System (PPMS) certification from the Association of Credit and Collections Professionals (ACA International). Additionally, the company is a SAS70 (Type II) certified service organization and is PCI-DSS Compliant. NRA has offices in Harrisburg, PA; Mechanicsburg, PA; Provo, Utah; Los Angles, CA; Panama City, Panama and Pune, India.
Press Contact: Steven Kusic, 717-540-7636
About Kaulkin Ginsberg
Kaulkin Ginsberg is the leading source of M&A, strategic advice, and timely information for outsourced business services companies since 1989. The firm has completed over 130 transactions representing in excess of $3 billion in shareholder value for a variety of clients – from small family businesses to Fortune 500 companies. In 2011 Kaulkin Ginsberg is celebrating twenty years in the ARM industry.
Press Contact: Michael Lamm, 240-499-3808