ATLANTA — FLOCK’s M&A advisory services is pleased to announce its leadership of the successful sale of the business of Pentagroup Financial, LLC, a leading collections agency based in Houston and Buffalo, to Primary Financial Group, a collection agency owned by CBV, an accounts receivable management company based in Vancouver, Canada.
Given the contraction in the credit card collections market, Pentagroup was seeking a strategic partner that would complement its customer base and industry focus. After reviewing several other target candidates under consideration, the Flock team qualified CBV/Primary Financial as the lead buyer. The student loan, mortgage services, and first party expertise, as well as the additional credit card customers and geographic location of the business, were important factors adding value and new relationships to Primary Financial.
Mike Fletcher and Ransom Lummis, Pentagroup co-chairmen, commented that the sale to CBV/Primary Financial made strategic sense for both companies, given the complementary customer base.
“As our M&A advisor, Flock Advisors identified several possible partners and ran a very creative and comprehensive sale process. Through their investment banking expertise, perseverance, and dedication to the people at Pentagroup, they negotiated a solid deal for our company in a challenging market environment. We couldn’t have done it without them.”
For additional information, please contact: