ATLANTA — FLOCK Specialty Finance, a firm that provides capital solutions and M&A advisory services to debt buyers and collection agencies, is pleased to announce its successful sale of the assets of Nelson Watson, LLC to CBE Companies. Nelson Watson, a collections agency based outside of Boston, specializes in pre-legal collection services for major financial institutions. CBE Companies, based in Cedar Falls, Iowa, is a global business process outsourcing (BPO) organization.
In an effort to grow market share and diversify its client base, Nelson Watson was seeking an acquisition partner whose capabilities and clients would create incremental value for the Nelson Watson ownership and growth opportunities for its people.
George Nelson III, CEO of Nelson Watson, commented that the sale to CBE Companies made strategic sense for both companies given the complementary values, culture and focus on quality results.
FLOCK organized and managed a sale process that was highly competitive and generated solid returns for the Nelson Watson owners. With CBE, our employees will have more job opportunities, and our clients will have access to a breadth of BPO solutions beyond third party collections.
CBE Companies’ Chairman and CEO Tom Penaluna said:
CBE was very intentional in finding an acquisition opportunity with specific success criteria such as size of company, services and industries served, and long-term growth potential. Nelson Watson fit very nicely within this defined strategy, meeting the goals for cultural, performance and quality alignment with CBE.
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About CBE Companies
CBE Companies is a global business process outsourcing (BPO) organization and is the parent company of CBE Group, CBE Customer Solutions, and Argent Account Acquisitions. CBE Companies is supported by a leadership team of tenured industry experts. Its workforce of dedicated professionals is quickly growing. As the organization grows, new career opportunities are continually created.
The mission of CBE Companies is to make its customers better through:
- Focus on the deepest understanding of its customers’ business
- Innovative solutions that provide clear value in solving specific business challenges
- A unique culture and investment in employee engagement
CBE Companies currently employs over 1,200 people in five locations globally. Its corporate headquarters is located in Cedar Falls, Iowa, with additional facilities in Waterloo, Iowa; Overland Park, Kansas; Haverhill, Massachusetts and Manila, Philippines.
The organization is consistently recognized as a top five Employer of Choice in the Cedar Valley. It has also been recognized by Workplace Dynamics as one of Iowa’s Top Workplaces.