UNITED RECOVERY SYSTEMS ANNOUNCES THE ACQUISITION OF ENTERPRISE RECOVERY SYSTEMS
Houston, TX. – March 14, 2012 –United Recovery Systems, L.P. (“URS”), has acquired Enterprise Recovery Systems, Inc. (“ERS”). ERS is a provider of collection services with offices in Oak Brook, Illinois. ERS’ clients include post-secondary education providers, student loan guarantee agencies, and the Department of Education. Headquartered in Houston, Texas, URS is a provider of third party contingency debt collection services, specializing in the collection of early-stage pre-charge off and post-charge off receivables for the credit card, retail, and auto loan industries. Recently, URS also acquired expertise in late stage collections through the acquisition of the Plaza Associates business as well as both first and third party medical collection expertise through the acquisition of the ACB American business.
With the addition of ERS, URS will have a combined total of approximately 1,500 collectors conducting operations from call centers in Houston, TX.; Bryan, TX.; Tulsa, OK.; Tempe, AZ.; Covington, KY.; New York, NY.; and Oak Brook, IL. In addition, the Company maintains offshore capabilities in Monterrey, Mexico and Delhi, India.
ERS will continue to operate from its office on Oak Brook, IL under the leadership of its current President, Scott Nicholson and the ERS management team.
Jim Kelleher, President of URS said “URS is very excited to add the student loan expertise of a market leader such as ERS. This adds a new dimension to the capabilities of URS.”
Scott Nicholson, President of ERS said “We are proud to partner with URS, a proven leader in the collections industry. Their expertise in collections systems and analytics will allow ERS to improve collections for customers and better opportunities for employees”
United Recovery Systems, LP is a Texas-based Limited Partnership headquartered in Houston, Texas with offices in Tulsa Oklahoma, Monterrey Mexico, Tempe Arizona, and Bryan Texas. URS has maintained consistent growth through the years by providing a high-quality collection service to a select group of clients. Over the years we have established long-term relationships with the top issuers in the credit card, retail, commercial, and deficiency loan industries.
United Recovery Systems, LP employs over 1000 collection personnel who are among the most highly trained in the industry. The combination of no cap on earnings coupled with our ability to supply our collectors with the most sophisticated tools available enables URS to attract the finest collectors in the industry.