National Asset Recovery Services (NARS) Inc., H.I.G. Capital's portfolio firm, announced Wednesday that it has acquired Integrity Financial Partners, a third-party collection company.
Nick Petrini will remain as president at Integrity and several other members of the Integrity management team will stay. The company's three current domestic sites will continue to operate under the Integrity name. The acquisition will increase NARS' domestic footprint to eight call centers.
Chris Buehrle, CEO at NARS, said Integrity is a "rapidly growing accounts receivable management firm and has a proven track record as a leading provider to the world's largest and most demanding blue chip clients."
A year ago, NARS announced the acquisition of collection agency Pinnacle Financial Group, (
H.I.G. Capital is a global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management and specializes in providing capital to small- and medium-sized businesses.
H.I.G. Capital has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.
