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Patrick Lunsford


Patrick is the senior editor of Patrick edits the ARM insider and all content appearing on insideARM. His work has appeared in numerous industry trade publications. Since 2002, he has covered or broken nearly every major news story impacting the accounts receivable management industry for Previously, he was at finance research and consulting firm Corporate Executive Board after initially working in publishing out of college. Patrick holds a Bachelor of Business Administration degree from the University of Georgia, the flagship school of his home state. He currently lives in Silver Spring, Maryland with his wife and two daughters.

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Encore Capital Group Buys Collection Agency Atlantic Credit & Finance for Nearly $200 million

Debt buyer Encore Capital Group, Inc. (NASDAQ: ECPG) late Thursday announced that it has acquired Atlantic Credit & Finance (ACF), a leader in collecting fresh, higher-balance accounts, for approximately $70 million in cash. Encore also said it made additional payments totaling approximately $126 million to retire certain indebtedness and obligations of ACF.