Aditya Birla Minacs acquires Bureau of Collection Recovery
June 3, 2010: Rockville, MD – Kaulkin Ginsberg Company today announced the acquisition of Bureau of Collections Recovery (BCR), a leading accounts receivable management company that has served the credit industry for over 25 years, by Aditya Birla Minacs, a global business solutions company and a subsidiary of Aditya Birla Nuvo Ltd. Kaulkin Ginsberg served as the strategic advisor to BCR.
With this acquisition, Minacs’ clients will now have access to BCR’s team of collections experts and its experienced top management.
BCR established itself in this specialized market with a strong base of marquee clients in the banking, financial services, and telecom sectors, providing services in first‐party, early‐out, and third‐party collections across various stages of delinquency, as well as in pre charge‐off, primary, and secondary post charge‐off collections.
According to Mark Russell, lead advisor on the transaction from Kaulkin Ginsberg, “Aditya Birla Minacs is the ideal strategic buyer for BCR, as they can leverage BCR’s existing client base, proprietary technology and operational infrastructure to generate substantial growth opportunities.”
“This is Minacs’ second acquisition in three months and demonstrates our commitment to the strategic mission of building new capabilities,” said Deepak Patel, CEO of Aditya Birla Minacs. “In addition to its proven expertise, BCR has a very strong operating model with a consistently growing top and bottom line. Its capabilities are adjacent to Minacs’ core customer lifecycle services and enhance our ability to successfully win and deliver end‐to‐end solutions to our clients.”
Blake Rice, Founder of BCR who is exiting the company added, “I am delighted to see BCR become part of a global growth engine, and am confident that together BCR and Aditya Birla Minacs will bring longterm shareholder value.”
Post-acquisition, BCR will operate as a subsidiary of Aditya Birla Minacs. BCR’s centers in Eden Prairie and Willmar, Minnesota will join Minacs’ global network of 30 delivery centers across 3 continents delivering business solutions to its clients.
Mark Russell ‐ Director
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