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Roark Capital Group Press Release
| Roark Capital Group Supports PSC Info Group’s Acquisition of NCO Unit < United States > November 15th, 2009 Private equity firm supports portfolio company in its acquisition of North Shore Agency
ATLANTA, GA (October 29, 2009) – Roark Capital Group, an Atlanta-based private equity firm, announced today that its affiliate, PSC Info Group, has acquired the data processing, printing and mailing unit of North Shore Agency, Inc., based in Long Island, NY. PSC Info Group, headquartered in Valley Forge, PA, provides innovative, technology-enabled solutions and proven revenue management tools to streamline the collection of consumer payments. As part of the transaction, PSC has executed an exclusive, long-term document outsourcing and letter processing agreement with North Shore Agency’s parent company, NCO Group, Inc. NCO will retain North Shore Agency’s debt collection unit. According to Joseph J. Greco, PSC Info Group’s CEO, “The addition of the North Shore Agency business will enhance PSC Info Group’s service offering to our valued customers and will increase our market share in healthcare, cable, telecommunications, media, publishing and financial services markets. Most importantly, the acquisition enhances PSC’s technology platform that provides a full suite of transaction processing services including data management, paper and electronic document rendering and payment processing.” Michael J. Barrist, Chairman and Chief Executive Officer of NCO, stated, “This transaction allows NCO to focus on our core BPO competencies of accounts receivable management and customer relationship management. We have enjoyed a long–term relationship with PSC and are pleased that we are able to complete this transaction with this valued partner.” |
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