Creditors Interchange Announces Acquisition of Commercial Collection Agency

BUFFALO, NY and SOMERSET, MA – Creditors Interchange (CI), a leading national receivables management services corporation, whose client partners include the top credit card issuers, debt buyers and auto lenders in the United States as well as other nationally recognized companies, announces the acquisition of the business and assets of Abrams & Swartz, Inc. a commercial receivables company, based in Somerset, Massachusetts.

This is the first acquisition made by Creditors Interchange, whose business philosophy of controlled growth through sound business management has seen them grow from 100 employees and one office to nearly a 900 employees, 12 offices including two in Canada, the addition of a Bankruptcy and Probate division as well as a strategic alliance with Mann Bracken for litigation and arbitration services.

Bruce H. Gray, CI’s President and CEO who has been coordinating the company’s overall expansion stated, “This is a first for Creditors Interchange. Our organization has solely been based on internal growth. Abrams & Swartz was a perfect fit though, mirroring our philosophy and dedication to client partners. We believe this acquisition will increase Creditors market share by broadening our overall service offering to our current and future clients.”

Steven Frankel, President of Abrams & Swartz when commenting on the acquisition “Our organization is very excited about becoming part of the Creditors Interchange team. Creditors offers us the technology and support necessary to expand our service levels and be more competitive in the commercial arena.”

Abrams & Swartz is a small national commercial receivables firm located in Somerset, Massachusetts. They were established in 2002 and service the commercial accounts for various municipalities, national banks and private businesses.