Steven Kusic, president and CEO at National Recovery Agency (NRA), announced this week that an agreement has been reached with the shareholder of ACA Receivables LLC - d/b/a American Agencies (AA) - to acquire the assets of the California-based consumer accounts receivable management firm.
NRA will operate American Agencies as a wholly owned subsidiary. Terms of the transaction were not disclosed.
“NRA is an impressive organization with visionary leadership that made the transaction seamless. NRA plans to immediately leverage American Agencies sales team with representatives in 14 different states and offices in Provo, Utah and Los Angeles, CA, to expand its national footprint. NRA expects that this acquisition will immediately be significantly accretive to its earnings”, says Michael D. Lamm at Kaulkin Ginsberg, an M&A advisor on the transaction.
“With the acquisition of American Agencies, NRA is able to further strengthen our infrastructure to enhance our collection services for the benefit of all of our clients, no matter what size, both immediately and long term,” says Kusic.
American Agencies is a national collection agency involved in both commercial and consumer collections.
NRA, with more than 350 employees, is a nationwide provider of receivables management and business process outsourcing solutions.
Based in Harrisburg, Pa., the company offers outsourced collections, payment processing and call center services to health care facilities, governmental entities, utility companies, retail and direct marketing, financial services, higher education institutions and debt buyers.
Kaulkin Ginsberg is an industry M&A advisory firm.
