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Trivest Partners, a renowned private investment firm, has announced its acquisition of ABC-Amega, Inc. , one of the oldest and most trusted commercial collection agencies in the US. Established in 1929, ABC-Amega has evolved into a full-service B2B accounts receivable management and industry credit services provider.
Bolstering Capabilities with ABC-Amega
This acquisition is set to expand the capabilities of BII Services Corp, a holding company formed by Trivest. The primary aim is to establish the leading provider of commercial order-to-cash management solutions. With its headquarters in Buffalo, NY, ABC-Amega brings to the table its expertise in commercial accounts receivable management, backed by proprietary technology and decades of global operations.
Leadership Continuity and Transition
ABC-Amega will continue to operate as an independent entity, with its current executive leadership, including President Paul Catalano and CFO Robert States, at the helm. While David Herer, ABC-Amega’s CEO, will transition his daily responsibilities to John Fisher, BII’s CEO, he will remain involved as a strategic advisor on BII’s advisory board.
Shared Visions and Future Aspirations
David Herer expressed his enthusiasm about the partnership, highlighting the alignment of business strategies and values between the two companies. He emphasized the shared commitment to offering comprehensive B2B order-to-cash services on a global scale. Forest Wester, Managing Partner at Trivest, also praised ABC-Amega’s nearly century-long track record in delivering top-tier commercial collection solutions.
BII’s Expanding Portfolio
John Fisher, BII’s CEO, highlighted ABC-Amega’s stellar reputation in the industry, emphasizing its expertise and the high level of service it offers to clients. With ABC-Amega’s long-standing history in international collections, BII aims to further enhance its offerings by leveraging its global delivery centers across various continents.
About Trivest Partners
With a focus on supporting and growing founder-led and family-owned businesses, Trivest Partners has made its mark in the investment domain. Since its inception in 1981, the firm has completed investments totaling nearly $8 billion in value.
ABC-Amega’s Legacy
From its origins as the American Bureau of Collections in 1929, ABC-Amega has consistently provided top-notch commercial debt collection solutions to B2B clients worldwide. The company’s commitment to global commercial debt recovery began in the 1960s, and its proprietary software development started in the 1970s, allowing it to serve over 500 clients globally.
BII’s Vision and Growth
BII Services Corp aims to be the go-to provider for commercial order-to-cash management solutions. Its acquisitions include AG Adjustments, TranSubro, and D&S Global. With the addition of ABC-Amega, BII now boasts approximately 700 employees serving over 1,000 customers across various industries.
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