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

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