IEI Financial Services Acquires $27.7 million Utility Portfolio

INDIANAPOLIS, IN ? IEI Financial Services announces the recent purchase of a $27.7 million utility-based portfolio from a major electric energy company headquartered in the Midwest.

?We are extremely pleased with this deal,? said IEI Financial Services President Stephen E. Allen. ?Our past successes with utility-based acquisitions have proven to create exceptional value for both IEI Financial Services and the seller of the portfolio.?

IEI is positioned to become a leader in acquiring portfolios in market segments that have traditionally seen limited or no competition. According to recent industry research, acquisitions of utility and public service accounts are poised to see a major increase in the coming years.

Founded in 1998, IEI Financial Services, LLC provides customer relationship management services for the utility industry. The company supports clients in the gas, electric, phone and cable industries and specializes in contact management, accounts receivable and debt purchasing. IEI is headquartered in Indianapolis and is privately held through parent company Knox Lawrence International, LLC, a private equity firm located in New York City. IEI Financial Services is on the Web at www.ieifs.com (currently under reconstruction).