Buyers are out in force, scouring the ARM industry looking for collection platforms and add-ons. If you are like most debt collection agency owners, you probably field multiple calls a week or receive “We Have a Buyer” letters from private equity firms, investors, M&A advisors (folks like me), business brokers, other collection agencies and India-based call centers or BPO companies. I would be surprised if you didn’t!
I would love to say that all agency owners will call me or our firm before responding to an inquiry but, believe it or not, that doesn’t always happen!
Here are a few tips before spending too much time with an unsolicited buyer prospect:
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