California Collection Agencies Merge

The first day of November marked the creation of Fidelity Capital Holdings, Inc., the new holding company uniting Fidelity Creditor Service, Inc. (www.fcscollect.com) and Gess & Associates, both full-service collection agencies located in California. The companies will continue to operate under their present names.

For Fidelity Capital Holdings, Inc., Walter H. Carleton III will serve as Chairman of the Board and Clinton J. Sallee will serve as President/CEO.

Both Sallee and Carleton consider the combination a great opportunity to do business together. “I am very excited about the merger and look forward to working with Clint,” Carleton, said. “Clint brings a tremendous amount of energy and M&A experience to the table. We are both extremely compatible and work very well together. You can expect to hear a lot more from us as we move forward.”

Sallee commented, "The union of our two companies makes great sense on many levels. Like so many others in our industry, I hold Walt in the highest regard and I am thrilled to be working with him. We are positioning our company as a platform on which to grow, both organically and through acquisition."

Headquartered in Glendale, CA, Fidelity Capital Holdings also has offices in Canoga Park and Ventura.