Exton, PA ? AllianceOne announces the acquisition of The TCH Group, Inc. (?TCH?) of Toronto, Canada. The acquisition of TCH is consistent with the Company?s core acquisition growth strategy, which includes the identification and acquisition of companies whose expertise and/or market concentrations bring new or complementary opportunities to the company. With this acquisition, AllianceOne expands its outsourcing capabilities and concurrently enhances its near shore international offerings.
The Toronto based TCH Group is located in a 33,600 square foot facility that is currently configured with 400 state-of-the-art work stations. TCH operates as a full service accounts receivable company serving both US and Canadian clients. The Company provides both first party or outsourcing programs as well as post charge off collections. TCH?s clientele primarily consists of the financial community, government and student loan entities, and the retail sector.
Bob Mauch, AllianceOne Chairman and CEO, noted ?the purchase of TCH is a continuation of both our acquisition and Western Hemisphere call center growth strategy. TCH will help accelerate the growth of US collection activity from our Canadian sites.?
?This acquisition is an excellent example of our strategic acquisition and organic growth plan. We fully expect that TCH?s contribution will be accretive during its first full year as a member of the AllianceOne family and we are confident that our organization will enjoy the many benefits derived from the synergies provided by our combined business,? said Terry Weikel, AllianceOne Senior Vice President of Corporate Development.
AllianceOne is a leading provider of receivables management and outsourced services to creditors in diverse markets. The Company follows a business model that balances strong organic growth with a strategic acquisition program. AllianceOne is the 6th largest company of its kind in the United States and is a pioneer in the development and deployment of world-class international call center capabilities. With this acquisition, the Company provides its services from 16 locations throughout the United States, 6 in Canada and one in the Caribbean. The purchase of TCH is consistent with the Company?s strategic plan that focuses on developing innovative alternatives for major credit grantors.
