Kaulkin Ginsberg Announces Recapitalization of United Recovery Systems, L.P. by Private Equity Investor Audax Group

United Recovery Systems acquired by Audax GroupDecember 24, 2008: Rockville, MD – Kaulkin Ginsberg announced today that United Recovery Systems, L.P. (URS), a debt collection agency specializing in bank card / credit card contingency collections, has recapitalized the business with Audax Group (Audax), a private equity group providing investment capital for middle market companies.  Terms of the transaction were not disclosed.  Kaulkin Ginsberg, the leading M&A and strategic advisor to the debt collection industry, initiated the transaction and advised URS.

“This transaction is further indication that the equity and debt markets remain strong for industry-leading companies,” noted Mark Russell, Director at Kaulkin Ginsberg and lead advisor on the transaction.

URS provides first-party and early stage contingency debt collection services to some of the largest credit card issuers and financial institutions in the U.S. “We’re looking forward to working in partnership with Audax to build upon our long-term track record of success,” noted Doug Schultz, Chairman and CEO of URS, adding that he and the management team will remain with the company.

Geoffrey S. Rehnert, Co-CEO of Audax Group said, “URS has consistently demonstrated strong performance in a growing industry. We look forward to working with management to continue building the business.”

About Kaulkin Ginsberg
As the leading strategic advisor for accounts receivable management (ARM), Kaulkin Ginsberg has completed over 125 M&A transactions valued at over $3 billion. For ARM service providers, our value-add services focus on analysis, growth, and exit strategies. For credit grantors, our focus is on optimizing receivables management strategies.  Kaulkin Ginsberg’s media division publishes the most popular sources of timely industry news and information such as insideARM.com(R) and The ARM Insider(TM). Kaulkin Information Systems creates secure and affordable workflow, document, and business process management technologies. Read more about Kaulkin Ginsberg at www.kaulkin.com.

LATEST BLOGS

What Happens When a Whale Gets Swallowed?: The Potential Sale of Tenet Healthcare Could Significantly Impact U.S. ARM Companies

September 21, 2017

One of the largest players, Tenet Healthcare, announced last week that it is exploring alternatives, including a potential sale. What impact will a transaction involving one of the largest for-profit hospital systems have on the ARM industry? Let's take a look.....

» see this post    » all posts


The Accounts Receivable Management Industry Deserves Greater Support

September 19, 2017

According to numerous studies by universities and government agencies, the accounts receivable management industry is critically important to the success of the U.S. credit economy the largest in the world. However, the ARM industry, unlike many other industries, does not receive the most favorable endorsements from regulators or the media, despite its importance to the U.S. economy.....

» see this post    » all posts


The Economy's Effect on the ARM Industry: The KG Prime Index

September 13, 2017

Fluctuations in the U.S. economy can significantly affect the performance of the ARM industry. Although numerous indicators interact with the industry's many segments, certain variables are far more impactful than others. Taking our analysis of the aforementioned economic variables and their interaction with the ARM Industry a step further, Kaulkin Ginsberg's market research team developed The KG Index with the goal of examining the effects of these economic variables on the ARM industry relative to a base period of Q4 2007. ....

» see this post    » all posts


RECENT ANNOUNCEMENTS

Kaulkin Ginsberg Company to Release Exclusive and Comprehensive Index

September 13, 2017

Kaulkin Ginsberg Company will release an exclusive and comprehensive index detailing the economy's effect on the ARM industry. ....

» see more




The Kaulkin Ginsberg Fall 2017 Fellowship Semester Begins

September 12, 2017

Kaulkin Ginsberg Company, in conjunction with the University of Maryland, College Park's Department of Economics, began its fall 2017 fellowship semester earlier this month for the fourth year.....

» see more




Kaulkin Ginsberg Announces the Acquisition of Remit Corporation by Eastern Revenue

August 17, 2017

Kaulkin Ginsberg Company announced today the acquisition of Remit Corporation, a well-established regional collection agency founded by Harry Strausser III, and based in Bloomsburg, Pennsylvania, by Eastern Revenue, Inc.....

» see more