United Recovery Systems Acquired by Private Equity Group

Debt collection agency United Recovery Systems, LP (URS) will be acquired by private equity firm Audax Group in a deal announced early Wednesday. Terms of the deal were not disclosed.

Houston-based URS is one of the largest private accounts receivable management companies in the U.S., employing more than 1,000 people at call centers in Texas, Oklahoma, Arizona and Mexico. URS provides first-party and early stage contingency debt collection services to some of the largest credit card issuers and financial institutions in the U.S.

ARM industry advisory firm Kaulkin Ginsberg Company initiated the transaction and served as advisor to URS.

“This transaction is further indication that the equity and debt markets remain strong for industry-leading companies,” noted Mark Russell, Director at Kaulkin Ginsberg and lead advisor on the transaction. “While credit is tight for any type of capital investment right now, there is still interest in the ARM industry and the right deals will get funded.

“We’re looking forward to working in partnership with Audax to build upon our long-term track record of success,” noted Doug Schultz, Chairman and CEO of URS, adding that he and the management team will remain with the company.

Audax said that it intends to grow the URS business and leverage the firm’s “strong performance in a growing industry.”