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

Corporate Tax Reform: Winners and Losers

November 16, 2017

With the House and Senate announcing the major structures of their respective tax reform bills, what are the major impacts on the U.S. economy and the accounts receivable management industry? Both bills wish to eliminate loopholes, reduce corporate taxes and create jobs. This sounds great in theory, but does theory align with reality?....

» see this post    » all posts


The State of the Economy and its Impact on the ARM Industry

November 14, 2017

As we prepare to enter 2018, it's not uncommon to question the current state of the economy. Is the economy improving, and how do these economic conditions impact the ARM industry? This two part podcast series can answer those questions.....

» see this post    » all posts


The State of Compliance: Where Are We Going?

November 9, 2017

Do you know what the biggest challenges and opportunities confronting the ARM industry towards the end of 2017 are as it relates to compliance? These experts have an idea!....

» see this post    » all posts


RECENT ANNOUNCEMENTS

Kaulkin Ginsberg Company Releases Middle Market ARM Benchmarking Report

October 12, 2017

Kaulkin Ginsberg Company announced it's release of the middle-market ARM Benchmarking Report available to KG Prime Universal members.....

» see more




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