Stoneleigh Recovery Associates (SRA), based in Lombard, Ill., has acquired R&B Collections Inc. of Roswell, Ga. in a deal funded through a mix of cash on hand and new debt. Terms were not disclosed.

The two agencies will operate under their separate names in both Illinois and Georgia, until standard closing conditions, licensing and regulatory approvals have been completed. The acquisition will help SRA strengthen its nationwide auto deficiency collections and R&B to strengthen its compliance program, according to officials with the companies.

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