Kaulkin Ginsberg Announces Acquisition of Rapid Collection Systems by National Credit Systems

National Credit Systems acquires Rapid Collection Systems February 3, 2009 :Rockville, MD – Kaulkin Ginsberg announced today that 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.  Kaulkin Ginsberg, the leading M&A and strategic advisor to the debt collection industry, initiated the transaction and advised NCS.  Terms were not disclosed.

“As the economy continues to contract, companies in accounts receivable management with a strong cash position are capitalizing on expansion opportunities, including mergers and acquisitions,” noted Michael Lamm, Associate at Kaulkin Ginsberg and lead advisor on the transaction. “We’ve been predicting collection agencies and debt buyers in a good financial position would begin to acquire other companies to gain clients, expand geographically, and/or increase market share. This transaction illustrates the trend.”

National Credit Systems, based in Atlanta, GA, is a specialist in apartment-related collections, and it represents over 98 percent of their business.  Since its inception in 1991, it has received over $2 billion in placements from the industry. “The RCS transaction provides us with an opportunity for accelerated growth in the Southwest market and adds a number of blue-chip clients to our growing list,” noted Joel Lackey, Chairman and CEO of National Credit Systems.

Rapid Collection Systems is an Arizona collection agency founded in 1991. RCS provides traditional third party collection services as well as pre charge off programs, letter generation, and credit bureau reporting in addition to a full service litigation unit. H. Lee Goldblatt, president and founder of Rapid Collection Systems said, “We are excited to be a part of National Credit Systems.  Their technology innovations will give our seasoned team added resources for continued growth,” adding that he will remain on as a consultant to NCS.

Contact
Michael Lamm, Associate
Kaulkin Ginsberg
Tel: +1-240-499-3808

LATEST BLOGS

Possible H-1B Visa Reform on the Horizon will Impact the ARM Industry

February 24, 2017

Human capital is a crucial aspect of efficient and innovative business processes, as well as a country's long-term growth potential. As such, the implications associated with changing the existing H-1B visa program structure will have far reaching consequences on all industries, including the outsourced business services. ....

» see this post    » all posts


Establishing Value Before Going to Market

February 1, 2017

Kaulkin Ginsberg recommends business owners establish a realistic value for their business before going to market. This ensures we are on the same page with our clients, and avoids causing undo stress to the management team by starting and stopping a sale process....

» see this post    » all posts


Check Payments: A Dying but Meaningful Market

January 19, 2017

Before the 21st century, collecting bad checks was one of the largest sources of new business for debt collection agencies. Innovations in fintech are continually changing consumers' transaction modes through the use of advanced technologies like mobile payment systems, and checks are becoming increasing rarer as a means of noncash payments. We examine trends within checking and discuss how changes in this market will affect the ARM industry. ....

» see this post    » all posts


RECENT ANNOUNCEMENTS

Mike Ginsberg Leading Panel Discussion at DBA International 20th Anniversary Conference

February 1, 2017

Mike Ginsberg, President and CEO of Kaulkin Ginsberg, will be speaking in a panel discussion on Trends in Debt Buying on Wednesday, February 8th at the DBA International 20th Anniversary Conference in Las Vegas, Nevada....

» see more




Spring 2017 Research Fellowship Program Analyzes International Outsourced Business Services

February 1, 2017

Kaulkin Ginsberg, the leading consultancy and M&A advisory firm for the outsourced business services (OBS) industry, began the eighth semester of its Research Fellows Program on January 30th in conjunction with the University of Maryland, College Park's Department of Economics. Fellows will be analyzing and developing market research reports on the German, U.K., Australian, and Canadian OBS industries, with a particular focus on collection agencies and call centers.....

» see more




Kaulkin Ginsberg Releases the Healthcare RCM Overview

November 1, 2016

This report provides analyses of the current and anticipated challenges facing the healthcare market, trends facilitating growth, and an outlook for the future.....

» see more