Aggregate accounts receivable management transaction value last year reached $1.1 billion, up 159% from 2009, according to one strategic advisory firm. With definitive signs of slow but sure improvement in the economy and M&A activity in general, a similar level of activity is expected in the next two years.
“With the number of deals in 2010 up by nearly 40% over 2009, it’s clear that the M&A market in ARM is back," says Brian Greenberg, CEO at Greenberg Advisors LLC.
Selected acquirers last year included Portfolio Recovery Associates, VION Receivable Investments, Duke Street Capital, Sherman Financial Group’s management, Huntsman Gay, Owner Resource Group, H.I.G. Capital and RLJ Equity Partners.
Many of the strategic deals in the fourth quarter, as well as over the past three years, were completed by private equity-backed platform companies.
“We are seeing a lot of interest from highly qualified strategic buyers who are looking for the right platform and add-on acquisitions.”
For the full report from Greenberg Advisors, click on the link.
