GENESEO, N.Y. -- Coast Professional, Inc. (Coast) has formed a Mentor-Protégé Agreement (MPA) with Mid-South Adjustment Co., Inc. (Mid-South) as part of the All Small Mentor-Protégé program (ASMP) established with the Small Business Administration (SBA). This relationship will emphasize the synergies between Coast’s top performance on multiple federal government contracts and Mid-South’s experience and growth potential. Both companies will utilize the program to continue to create high-quality, long-term careers and provide top performing, compliant accounts receivable management services to clients across the United States.
Mid-South is an accounts receivable management firm located in Pine Bluff, AR and is a certified Historically Underutilized Business Zones (HUBzone) small business enterprise. Mid-South was founded in 1982 and has worked with Coast since 2018 on one of Coast’s federal government contracts.
The SBA created ASMP was designed to provide opportunities to small businesses through business development assistance, experience in federal contract bidding, strategic planning, and guidance on Federal government contracts. Small businesses partner with experienced contractors to develop a mentor and protégé relationship. A protégé relies on the mentor to provide guidance and business support with federal government contracts. To qualify as a protégé, a business has to be a certified small business with industry experience; have a proposed mentor prior to applying; be organized as a for-profit company; and have no more than two mentors in the business’ lifetime. To qualify as a mentor, a business has to be organized for profit and have no more than three total protégés.
“In 2007, Coast was given the opportunity to subcontract on one of the industry’s largest government contracts,” stated Brian Davis, CEO and Co-Chairman of the Shareholder’s Board. “That opportunity provided Coast with the necessary experience and infrastructure to win our first federal government contract in 2009. Coast uniquely understands the value that these relationships create and we are dedicated to providing similar opportunities to small business organizations. This agreement puts both Coast and Mid-South in the very best position for both small and large future opportunities.”
“Mid-South is excited for the opportunities our new partnership will create for our organization,” stated Nathan Sullivan, President of Mid-South. “We look forward to gaining industry experience and counsel throughout our Mentor-Protégé engagement.”
About Coast Professional, Inc.:
Coast Professional, Inc. is an accounts receivable management company, dedicated to the respectful and ethical collection of higher education and government debt. Coast provides professional collection services to over 200 campus-based colleges, universities, and government clients. Coast is a five-time honoree on the Inc. 5000 list for American’s Fastest-Growing Private Companies provided by Inc. Magazine and in 2019, was recognized for the fourth time as one of the “Best Places to Work In Collections” by insideARM.com and Best Companies Group. Since 1976, Coast has worked closely with clients to increase recoveries by assisting consumers in resolving their financial obligations. Coast’s success is exemplified by exceptional recoveries, superior service, and dedication to the highest levels of compliance. More information about Coast can be found at www.coastprofessional.com
About Mid-South Adjustment Co., Inc.
Mid-South Adjustment Co., Inc. is a HUBzone certified receivables management company specializing in the recovery of healthcare and municipal based debts. Since the company’s founding in 1982, Mid-South has built a reputation of performance and integrity while holding a central focus on industry compliance. The company prides itself on establishing long-term relationships based on trust and transparency with its clients.