The acquisition creates a fifth location for the accounts receivable management company while expanding its client list to include businesses in the auto, education and banking sectors.
8/29/2018 12:30
Credit Control LLC, an ACA International member located in St. Louis, recently expanded its operations with the acquisition of Regional Adjustment Bureau Inc. (RAB), a Memphis, Tenn.-based firm that has operated in the receivables management services industry since 1971.
The transaction closed Aug. 1, 2018, according to a news release from Credit Control. Effective immediately, all proceeding communication, operations, and business dealings associated with RAB will come under the name of Credit Control.
“RAB’s blue chip clients in the auto, education, and banking sectors allow Credit Control to further its strategy of diversifying revenue cycle management services across multiple industries,” Rick Saffer, president and CEO of Credit Control said in the news release. “The purchase of RAB, based in Memphis, Tenn., also provides additional scalability for Credit Control. In today’s regulatory environment, client requirements are ever increasing, and only those with the proper scale and technical savvy will survive.”
“RAB was an excellent match with Credit Control from a cultural perspective, which is critically important in any acquisition. Our goal is to enhance the strong performance that the former RAB clients received with the additional benefits of Credit Control’s database solutions, business intelligence platform and voice analytics,” Saffer said.
Visit the Credit Control LLC website for more information about the company.