Paul E. Leary, founder/CEO of Collecto, Inc./dba Collection Company of America announced that effective Jan. 1, 2001, Collecto has merged its resources with DID/EOS, Europe’s largest accounts receivable outsourcing company.
DID acquired 100% of Collecto’s stock. Collecto will be the United States component of DID/EOS, creating a Global ARO with extensive International resources.
?This strategic move strengthens Collecto’s business objective of becoming one of the United States ten largest ARO’s by 2002 and with DID/EOS, the largest and most formidable ARO in the world within 5 years,? Leary said.
Collecto has offices in Boston, Chicago, Atlanta, Denver, Dallas and Los Angeles. Collecto’s placements in the year 2000 were over $1.4 billion. DID is headquartered in Hamburg, Germany, with offices in the UK and other countries in Europe.
