ATLANTA, Ga. -- FLOCK Specialty Finance announces the appointment of Reid Simpson, former CFO of Asset Acceptance, to its Board of Directors. Simpson will work with the leadership team to support the Company’s continued growth and advise FLOCK on its capital raising strategy and investment decisions.
“Reid is an outstanding leader who was instrumental in the turnaround of the Asset Acceptance Capital Corporation and the successful $438.6 million sale to Encore in 2013,” said Michael Flock, Chairman and Chief Executive Officer at FLOCK Specialty Finance. “He will be an outstanding addition and asset to our board.”
Simpson is currently CFO of GeoTix in Traverse City, MI. He is a seasoned financial executive, with more than 30 years of chief financial officer positions with large and small companies across varied business industries such as information, software and services, technology and financial services in both a public and private environment. His CFO roles include within Dun & Bradstreet Corporation, CCC Information Services, eCollege, Gogo, Asset Acceptance Capital Corporation, Career Education Corporation, ShopperTrak, and Rainbow Child Care Centers.
Simpson also led the successful liquidity events at eCollege in 2007, ShopperTrak in 2013 and Rainbow Child Care in 2018. He is a current board member at Helix Education. He holds a Bachelor of Science in Accounting from Michigan State University.
“I am honored to serve on the FLOCK Board of Directors,” said Simpson. “FLOCK is a leader of financing in the middle market of the debt buying industry, creating new analytic-based financing solutions for its clients, and developing long term relationships more than just transactional support."
About FLOCK Specialty Finance
FLOCK Specialty Finance is dedicated to alternative funding in a variety of specialty finance segments. FLOCK’s mission is to provide clients with capital and expertise for the purchase of both charged-off debt portfolios, as well as, for the financing of subprime consumer obligations. FLOCK believes its funding is “More Than a Transaction”. FLOCK’s proprietary financing structure provides growth-minded clients with a competitive advantage in multiple asset classes. Founded in 2007, FLOCK is headquartered in Atlanta, Ga.