ATLANTA — Flock Advisors, an M&A advisory firm specializing in the collections and business process outsourcing industries, is pleased to announce its leadership of the successful acquisition of ACB American by Plaza Associates.
Flock led the acquisition of ACB after reviewing several other target candidates under consideration. This project is part of a long term plan to help Plaza grow and diversify through acquisition while also reducing its operational costs over time.
The healthcare collection capabilities of ACB will mark Plaza’s entry into the healthcare receivables management market. ACB’s first party outsourcing services will also allow Plaza to offer “one-stop shopping” to its customers and prospects.
Paul Brennan, President and CEO, commented:
“The acquisition of ACB supports our strategy of gaining market share in industries outside of charged off credit card debt. We like the market dynamics of healthcare, the high growth rates, high margin, and opportunity to differentiate.”
He added:
“As our long term M&A advisors, Michael Flock and Don Hilbert evaluated several acquisition alternatives, structured and negotiated the transaction with creativity and discipline.”
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