H.I.G. Capital announced Wednesday that its portfolio company, National Asset Recovery Services Inc. (NARS), has acquired Integrity Financial Partners, a third-party collection company. Greenberg Advisors represented H.I.G. Capital and NARS in the transaction.
"We believe this deal will be highly successful for both sides," says Brian Greenberg, CEO at Greenberg Advisors. "Among other things, the buyer gains significant client diversification and expansion among major financial and other credit grantors, along with an infrastructure built for considerable growth. The seller gains an exit at a fair price having created a very attractive platform, and its clients should also win, as they stand to benefit from additional expertise, depth, and resources to best service their accounts.”
Integrity's clients include many prominent national credit grantors. Chris Buehrle, CEO at NARS, says, “Integrity is a highly regarded, rapidly growing accounts receivable management firm. [The company] has a demonstrated track record as a leading provider to the world’s largest and most demanding blue chip clients. Integrity Chairman A.L. Summerlin, Integrity President Nick Petrini, and their talented group of management and collectors will complement and bolster the outstanding team we have assembled at NARS.”
Summerlin and Petrini, and several other members of the management team, will retain their roles at Integrity.
Adds Greenberg, “This is the fourth transaction in which we’ve represented H.I.G. Capital, and while we work with a variety of clients ranging from owners to buyers to senior executives, we’re pleased to have completed multiple deals with a client of this caliber.”
Jeff Zanarini, managing director at H.I.G. Capital, says his firm works to partner with "the highest quality companies and management teams in the industry, and the Integrity acquisition furthers that goal following our acquisitions of NARS and Pinnacle (
