Fidelity Capital Acquires California Collection Agency

 
Fidelity Capital Holdings, Inc. today announced the acquisition of Nationwide Debt Recovery, Inc., a Modesto, Calif.-based collection agency.

"We are thrilled to have the good people at NDR join the Fidelity family and look forward to an even brighter future working together. Having an office in Modesto dramatically improves our ability to service our clients in Northern California," commented Walt Carleton, Fidelity’s chairman. Fidelity will have about 70 staff after the acquisition, said Carleton.

"Fidelity was a great fit for us. We were looking for ways to fast-track our growth and Fidelity is a perfect solution for us," commented Mark Greenblatt, president of NDR. "We look forward to being part of Fidelity’s expansion and are pleased to be on the same team," added Shanna Brinton, chief operating officer of NDR.

"Strategic acquisitions are a hallmark of our growth strategy. The opportunity to unite with a group like NDR was very attractive on many levels. We are thrilled to have them on board," stated Clint Sallee, Fidelity’s CEO.

Headquartered in Glendale, Calif., Fidelity Capital Holdings has offices in Canoga Park, Ventura, and the new office in Modesto. About 70 percent of Fidelity’s work is in healthcare while it also works on property management paper for banks and financial insititutions, Carleton said.