M&A specialist advises in acquisitions of TRAKAmerica and National Asset Recovery Services
January 13, 2010 – Greenberg Advisors, LLC (Greenberg), the most active M&A and strategic advisor to the Accounts Receivable Management (ARM) industry, announced today that TRAKAmerica (TRAK) has been acquired by an affiliate of H.I.G. Capital (H.I.G.), a leading global private equity firm, in conjunction with Reprise Management Group (Reprise). Headquartered in Naples, Florida, TRAK is the largest independent firm in the United States providing data analytics and legal inventory management of charged-off consumer receivables. Greenberg Advisors initiated the transaction and provided buy-side advisory services to H.I.G. and Reprise throughout.
This acquisition marks Greenberg’s second completed transaction in the ARM sector within a 30-day period. The earlier transaction involved the December 2, 2009 acquisition by H.I.G. of National Asset Recovery Services (NARS), which is a leading provider of ARM and Business Process Outsourcing (BPO) services. In June 2009, Greenberg also advised the selling shareholder in a management-led buyout of Academy Collection Service, a well-known provider of contingency collection services to large credit card and bank card issuers.
The acquisitions of TRAK and NARS are among the ARM industry’s largest deals of 2009. While the terms of the transactions were not announced, Greenberg’s proprietary industry M&A transaction data indicates that Greenberg led all industry advisors in 2009, based on aggregate deal value transacted. Brian Greenberg, Managing Director and CEO of Greenberg Advisors, commented, “We’re pleased to have advised in these deals, all of which involved significant players in their respective specialties. Closing two transactions within 30 days is an accomplishment under any market conditions, and in particular given the current conditions. We believe that our depth in the market and proven results like these speaks directly to our ability and unique commitment to achieve our clients’ goals.”
About Greenberg Advisors
Greenberg Advisors, LLC is among the most experienced and active strategic advisors to owners, executives and investors in the Accounts Receivable Management (ARM) industry worldwide. With nearly 15 years of experience dedicated to the ARM sector, the firm’s principal has completed more than 60 M&A, corporate finance and strategic advisory transactions in ARM. Clients have included Fortune 500 firms, public and privately-held entities, and private investment firms, as well as many entrepreneurial and family-owned businesses. Transaction experience spans virtually every aspect of the ARM sector to include a variety of servicers and purchasers of consumer or commercial debt, BPO firms, vendors and technology providers to the industry. The firm offers proven advisory services focused on M&A, capital raising, growth, and valuation. More information can be found at www.greenberg-advisors.com.