MONTREAL, Quebec -- In its latest asset acquisition, national collection agency MetCredit (Metropolitan Credit Adjusters Ltd.) has acquired the collection agency division of Quebec credit bureau Accès Crédit.
“Having successfully run a physical office in Montreal for nearly 30 years, this was a logical way for us to grow,” says MetCredit President and CEO Brian Summerfelt. “We’re Canada’s leader in consumer and commercial debt collection and have had a very strong working relationship with the principals for nearly two decades. They’re a highly respected credit bureau in Quebec, and we’re ideally positioned to make a positive impact on the debt collection side for their clientele.”
Accès Crédit was established as a credit reporting agency in 2001 and has focused primarily on the construction industry in addition to serving thousands of commercial clients in Quebec. Its mission has been to create and provide the best credit reports available in the market and maximize protection for clients in the construction industry. While the focus has always been on avoiding write-offs for clients, the collection division, developed as a complimentary service, grew to occupy a substantial position in commercial accounts receivable recovery: MetCredit’s specialty.
Summerfelt says the transition will happen smoothly and without disruption to either party’s operations. “Our Montreal office has the capacity and is logistically very well prepared. The only noticeable change will be through enhancements in the adoption of our technologies for efficiency and information security, and the adoption of our renowned programs. Accès Crédit's debt collection clients were generally very happy before, and things will only get better. It’s a way for both companies to deliver best-in-class experiences to our respective clientele through our area of maximum expertise.”
For Accès Crédit, the transaction means greater emphasis on its core function of credit reporting, specialized reports and technology and full service to its clients in the construction industry. “We have engaged with MetCredit in an exclusive three-year engagement for referral service,” says Accès Crédit CEO Benjamin Scott. “Our debt recovery clients are in the best possible hands, and continue to benefit from our primary services. It’s a win-win-win for the companies and our clientele.”
MetCredit’s Montreal office is located in the city’s core and has a fully bilingual workforce. The acquisition, which includes Accès Crédit’s client list and debtor files as well as collection department personnel, significantly augments MetCredit’s market share in the province of Quebec, in addition to operations in all Canadian provinces and territories through longstanding branch offices in Alberta, BC and Ontario.
Founded in 1973, MetCredit is a leader in Canadian consumer debt recovery and commercial collection. MetCredit is dedicated to providing professional, reliable service characterized by the highest ethical standards of conduct for 46 years. MetCredit is proud to maintain the debt recovery industry’s highest success rates, with many large-scale client partnerships dating back several decades. Through its one-of-a-kind online account submission tool and other proprietary technologies, MetCredit is regarded as a force for innovation on the Canadian accounts receivable management landscape. MetCredit reports delinquent accounts to Transunion, Equifax and Dun & Bradstreet as well as specialized regional credit bureaus across Canada including Accès Crédit. For more information visit MetCredit.com.
About Accès Crédit
Founded in 2001, Accès Crédit is a Terrebonne Quebec based credit reporting agency, producing specialized and tailored reports in addition to reselling standard reports. Accès Crédit offers a suite of services enabling construction clients industry-wide to protect receivables. Services include pre-employment and background searches, credit file reporting, civil and criminal record searches, business solvency inquiries and title or deed searches. For more information visit acces-credit.ca.