CCA Acquires Rochester Collection Agency

Collecto, Inc. (d/b/a CCA), a national debt management and accounts receivable outsourcing company, has completed its acquisition of Rochester Credit Center, Inc. (RCC), a full-service collection agency located in Rochester, New York.  RCC provides collection services for a variety of clients, including healthcare, utilities and telecommunications, municipal governments, and higher education. CCA was represented by Marion Financial Corp., of Houston, Texas and utilized Marion Financial’s merger and acquisition advisory services. The transaction closed on December 1, 2008.

CCA is headquartered in Norwell (Boston), Massachusetts and has regional centers in Chicago, Dallas, Denver and Brockton, MA.  CCA is a division of EOS, one of Europe’s largest accounts receivable outsource companies, which provides CCA with a worldwide presence. EOS employs over 3,500 professionals in the United Kingdom, Germany and other principal countries in Europe. CCA is the United States Recovery Management Division of EOS, creating a truly international accounts receivable outsourcing company (ARO) with unmatched global resources and experience. Founded in 1991, CCA is one of the largest accounts receivable outsourcing companies in the U.S. with approximately 650 employees.

Regarding the new RCC acquisition, CCA’s CEO Paul Leary, Jr. commented, “This transaction enhances the revenue and client base in CCA’s existing lines of business, and fulfills a component of our geographic strategy which included a New York Regional Center. It also provides RCC with leading edge resources to meet the current and future needs of their clients.”

Marion Financial Corp. is a Houston-based merger and acquisition advisory firm serving clients throughout the United States and Europe. Marion Financial has an established industry focus in the collections and accounts receivable management industry.