DULUTH, GA – Risk Management Alternatives, Inc. (RMA), a leading provider of accounts receivable management, — including outsourcing, debt collection and portfolio services — and call-center services, today announced a long-term strategic alliance with Capital Financial Group, Inc. (CFG) to further expand RMA’s existing debt purchasing line of business.
Under terms of the agreement, CFG will provide sourcing and brokering services to RMA’s growing debt purchasing arm. CFG will also assist RMA in further developing successful collection practices to maximize returns. Financial terms of the agreement were not disclosed.
“We are very excited about our prospects for future growth driven by our strategic relationships,” said Dennis Cunningham, president and chief executive officer of RMA. “By combining the talents of RMA and CFG with our financial partner, Cargill Value Investment, RMA is poised for continued growth in the debt buying arena.”
“CFG looks forward to aligning RMA’s proven experience in collections and debt buying with our industry experience and strategies,” said Rich Munroe, president of CFG. “We believe CFG can help build upon the firm foundation of RMA’s portfolio operations and unleash additional value. We are looking forward to establishing a long relationship between our companies.”
“Cargill Value Investment believes this new relationship will bring together complementary resources from all parties and allow RMA to further grow and capitalize on portfolio operations.” said Greggory Haugen, senior vice president of Cargill Value Investment. “Both RMA and CFG are well respected in the industry and we welcome this partnership.”
“Our portfolio operations remain a strategic focus for RMA due to the continued growth of debt buying opportunities and because it allows us to leverage our core competencies,” Cunningham added.
About RMA
Formed in 1996, RMA is a leader in the debt collection, accounts receivable management and portfolio services industry. The company’s services improve clients’ operating performance through improvements in cash flow, operating expenses, customer service and retention. Headquartered in Duluth, Georgia (a suburb of Atlanta), RMA employs more than 4,000 professionals in 28 offices throughout the United States, the United Kingdom, Canada and India. For more information, visit www.rmainc.net.
About CFG
CFG, located in Duluth, Georgia, is a buyer and seller of consumer debt, and also provides acquisition, selling and post sales support services to various issuers and debt buyers in the accounts receivable industry. Services are offered at the state, regional and national levels. More information on CFG can be found at www.cfgsales.com.
About Cargill Value Investment
Cargill Value Investment is widely recognized as being among the world’s leading investors in management- and credit-intensive assets including corporate credit, loan portfolios and real estate. Its Asset Solutions Group has established a history of successful relationships with many industry leaders and has emerged as one of the largest buyers and financiers of credit- intensive consumer assets in the world through its proven track record, substantial resources and industry expertise. More information on Cargill Value Investment and The Asset Solutions Group can be found at www.cargillvalueinvestment.com.
