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Over the course of the Labor Day holiday weekend, we received three separate announcements for significant M&A deals in the debt collection industry.
Here’s a rundown, with links to the full stories for each:
- Rapidly-growing collection agency F.H. Cann and Associates announced the acquisition of a commercial ARM company, signaling its entrée into that sector.
- Student loan and government collection giant Pioneer Credit Recovery announced that it is buying a collection agency that specializes in local government and court ARM work.
- UK debt collector Sigma Financial Group said that a private equity firm has purchased a majority stake in its business.
So it appears, for now at least, that there is plenty of capital to be had for smart acquisitions in the ARM space.
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