Mercantile Adjustment Bureau, LLC, one of the fastest growing companies in the ARM industry, is pleased to announce their acquisition of Creditors Financial Group, LLC.
Creditors Financial Group is a well known and respected collection agency servicing marquee clients in market verticals such as banks, retail, colleges, and debt buyers.
“With this acquisition, Mercantile continues its controlled expansion through a combination of organic and selective acquired growth,” said Mercantile CEO, Jeff Miller. “I’m grateful for the opportunity to make CFG the third strategic acquisition of 2013; I have known Henry Swayze and Charles Nail a long time and I appreciate the fact we were able to come to terms in getting the deal done.”
“I have also known Henry Swayze and Charles Nail for many years and am very excited to again be working with Henry, whom I have known since we were both part of the Creditors Interchange organization,” said Mercantile’s President, Bruce Gray. “CFG’s business base is a great compliment to Mercantile’s and their platform ideally matches ours since its network is comprised of CUBS and Avaya technology.”
Miller commented, “While organic growth will remain at the core of our growth strategy, Mercantile is strongly positioned and our infrastructure is scalable and robust enough to support more (selective) strategic acquisitions as the ARM Industry continues to consolidate for various reasons.”
Mercantile Adjustment Bureau, LLC is a Buffalo, N.Y.-based full service accounts receivable management company providing third and first-party collections, specialty services and customer care/service, with offices in Rochester NY and Tampa FL. Their client base includes banks, financial institutions, retailers, direct marketers, debt buyers, colleges and universities, utilities, healthcare providers and telecommunication companies.