Hidden Oak Group Has Banner Year
At the conclusion of May 2011, Joel Rabinowitz, President and CEO of Hidden Oak Group, announced the acquisition of three (3) substantial national debt portfolios exceeding $100,000,000 in account balances.
Rabinowitz, at that time, indicated his belief that the debt market appeared to be stabilizing and the market would regain viability for sufficiently capitalized companies to acquire receivables.
Since June 2011, Hidden Oak has had a record year closing on several substantial acquisitions. “We are pleased that we have had an especially successful fourth quarter,” said Rabinowitz, noting Hidden Oak’s closing in excess of $40,000,000 of liquidating, semi-liquidating, and a number of non-liquidating accounts.
Hidden Oak is entertaining a new area of acquisitions by forming Joint Venture Partnerships with collection agencies and attorneys. The team is excited and looking forward to meeting with potential sellers and joint venture partners at the DBA International meeting in Las Vegas on February 7th.
Hidden Oak Group, Inc., established in 2002, is a niche purchaser of liquidating and semi-liquidating portfolios and continues to actively pursue additional portfolios of consumer receivables.
For contact please email Carmen Caicedo at cdc@purchasedebt.com.
Continuing the Discussion