United Recovery Systems Acquires Enterprise Recovery Systems
HOUSTON, March 16, 2012 /PRNewswire/ -- United Recovery Systems, LP ("URS"), has acquired Enterprise Recovery Systems, Inc. ("ERS"). ERS is a provider of collection services with offices in Oak Brook, Illinois. ERS' clients include post-secondary education providers, student loan guarantee agencies, and the Department of Education. Headquartered in Houston, Texas, URS is a provider of third party contingency debt collection services, specializing in the collection of early-stage pre-charge off and post-charge off receivables for the credit card, retail, and auto loan industries. Recently, URS also acquired expertise in late stage collections through the acquisition of the Plaza Associates business as well as both first and third party medical collection expertise through the acquisition of the ACB American business.
With the addition of ERS, URS will have a combined total of approximately 1,500 collectors conducting operations from call centers in Houston, TX.; Bryan, TX.; Tulsa, OK.; Tempe, AZ.; Covington, KY.; New York, NY.; and Oak Brook, IL. In addition, the Company maintains offshore capabilities in Monterrey, Mexico and Delhi, India.
ERS will continue to operate from its office on Oak Brook, IL under the leadership of its current President, Scott Nicholson and the ERS management team.
Jim Kelleher, President of URS said, "URS is very excited to add the student loan expertise of a market leader such as ERS. This adds a new dimension to the capabilities of URS."
Scott Nicholson, President of ERS said, "We are proud to partner with URS, a proven leader in the collections industry. Their expertise in collections systems and analytics will allow ERS to improve collections for customers and better opportunities for employees."
United Recovery Systems is owned by Audax Group which was founded in 1999 and is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax manages in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital. For more information visit the Audax Group website www.audaxgroup.com.
About United Recovery Systems
United Recovery Systems, LP (http://www.unitedrecoverysystems.com), provides accounts receivable management services to the nation's leading credit grantors. Founded in 1977, URS is privately held and headquartered in Houston, Texas.
SOURCE United Recovery Systems, LP