ATLANTA Equifax Inc. said Thursday that it has sold its collection services business, Equifax Risk Management Services, to two different companies, with one of them taking the U.S. operations, and the other buying the operations in Canada and the United Kingdom.
The U.S. operation, which has 1,700 employees and 13 offices, has become part of Risk Management Alternatives Parent Inc. of Atlanta. The Canadian and British operations which have 500 and 150 employees, respectively, were sold to IntelliRisk Management Corp. of Columbus, Ohio.
According to Equifax, the aggregate sales price of the risk management businesses was about $150 million. As part of the deal with Risk Management Alternatives Parent, Equifax put up $40 million with a total guarantee of $60 million in acquisition financing. The two purchasing companies have also signed multi-year contracts to buy credit information products and services from Equifax.