Tom Stockton, CEO of The CMI Group, Inc. (CMI) and Mark Neeb, CEO of The Affiliated Group, Inc. (TAG), in a joint statement to their respective companies, announced the stock purchase of TAG by CMI.
The exact terms of the deal were not disclosed. TAG and Affiliated Credit Services will become wholly owned subsidiaries of The CMI Group along with its other subsidiaries, A to Z Call Center Services, LP and Credit Management, LP. All companies will operate under their current names. TAG will remain in Rochester, MN. The CMI Group, Inc. will remain in Carrollton, TX.
The CMI Group, Inc. is a 100% employee owned enterprise.
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