Posted under Venture Capital
from http://www.pehub.com 671 days ago

Kinderhook Industries portfolio company Primeritus Financial Services Inc. has acquired M. Davis Company Inc., which does business as USA Recovery. Terms of the deal were not released. Primeritus is a provider of repossession management, skip tracing, remarketing and title services to the auto finance industry.

PRESS RELEASE

Kinderhook Industries, LLC announced today the acquisition of M. Davis Company Inc. (dba “USA Recovery”) by Primeritus Financial Services, Inc. (“Primeritus” or the “Company”), an existing Kinderhook portfolio company. Financial terms of the transaction were not disclosed.

 

Based in Nashville, TN, Primeritus is a leading provider of repossession management, skip tracing, remarketing and title services to the auto finance industry in the U.S. Kinderhook partnered with Cam Hitchcock, Chuck Tapp and Phil Hanks in February 2012 to purchase the assets of ASR and has since rebranded the company Primeritus. With over 45 years of collective industry experience and strong client relationships in ...

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