Petroleum Equipment Institute Signs TransWorld Systems as Collection Partner

The Petroleum Equipment Institute (PEI) has announced Transworld Systems, a commercial collections services provider, as a new Affinity Partner. The partnership will allow PEI member companies priority access to Transworld’s extensive experience in collections services.

Transworld Systems’ services include third-party collections, skip tracing, credit scoring/ reporting and litigation capabilities. The company is licensed in all 50 states.

“We are very excited about providing an industry-leading collections solution to PEI members,” said Ken Eissing, senior vice president and general manager, Transworld Systems Commercial Division. “We have a 40-year history and a proven track record of collecting for commercial and business-to-business clients.”

“We are pleased that Transworld has become part of the PEI Affinity Partner program,” said Robert Renkes, executive vice president and general counsel for PEI. “We feel Transworld’s collection services will be a great addition to the program and of use to many of our member companies.”

Additional PEI Affinity Partners include Chase Paymentech (credit-card processing); YRC Transportation (shipping services); Monroe & Monroe , STICO Mutual and Rich & Cartmill (insurance services); and Combined Worksite Solutions (employee benefits).

To find out more about collection services offered by Transworld Systems, contact Timothy Fowler at timothy.fowler@corp.transworldsystems.com or by calling (877) 710-0957. For more information about the PEI Affinity Program, see www.pei.org.

Founded in 1951, PEI is comprised of more than 1,600 companies engaged in manufacturing and distributing equipment used in petroleum and energy handling. Members are located in 50 states and 81 countries. The Institute’s headquarters are located in Tulsa, Okla.