|
Nationwide Recovery Systems, Ltd. (“NRS”), headquartered in Carrollton, Texas, has been acquired by a newly formed acquisition subsidiary of Eli Global, LLC (“Eli Global”) of Durham, North Carolina. Statesman Business Advisors, LLC (“Statesman”) initiated the transaction and served as the exclusive financial advisor to NRS.
NRS is one of the larger collection agencies in the Southwest providing commercial, consumer, and healthcare debt recovery services. Additionally, NRS helps companies lower their DSO through flexible accounts receivable co-sourcing agreements, infield collections, pre-litigation intervention, international collections, and asset and liability searches. Founded over 30 years ago, NRS has collected well over $1 billion of delinquent accounts for its clients.
Eli Global is an international information and service management company that acquires, invests in, and operates a growing portfolio of healthcare, media, market intelligence, certification, and associated service businesses. The Company has more than 700 employees that work from over a dozen locations on three continents. NRS represents Eli Global’s third collections industry acquisition. Eli Global’s other collections industry holdings are Credit Management Company of Pittsburgh, PA and Harvard Collection Services, Inc. of Chicago, IL.
The Statesman transaction team was led by Principal Will Jaco. Tom Manford and Eric McCord of Bracewell & Giuliani, LLP provided legal representation to NRS on this transaction.
|
