The acquisition will help Williams & Fudge expand its market presence outside of the education subsector.
07/21/2023 9:30 A.M.
1.5 minute read
Williams & Fudge Inc., an ACA International member company based in Rock Hill, South Carolina, recently announced the acquisition of RGS Financial Inc., a trusted first- and third-party accounts receivable management (ARM) agency.
The acquisition of RGS further strengthens Williams & Fudge’s expertise in the accounts receivable management vertical, outside of the education subsector.
David Williams, president and CEO of Williams & Fudge and incoming ACA 2023/24 president, expressed his excitement regarding the future of the newly united organizations, stating, “We are thrilled to welcome RGS into the Williams & Fudge family. This acquisition represents a remarkable opportunity for both companies to leverage our collective expertise and resources to better serve our clients. Together, we are poised to achieve even greater success in the ever-changing ARM industry.”
The acquisition of RGS will enable Williams & Fudge to expand its market reach and offer an enhanced suite of financial solutions to clients beyond its core competency in education receivables. By combining the strengths of both organizations, the acquisition will facilitate the development of innovative products and services that address the evolving needs of the industry.
Michael Ryalls, chief strategy officer of RGS, highlighted the collaboration that comes with being acquired by a larger company, emphasizing the benefits for RGS employees, clients and culture.
“Joining forces with Williams & Fudge, Inc. opens up a world of opportunities for RGS,” Ryalls said. “Our employees will have access to a wider range of resources and expertise, enabling them to grow and thrive in their careers. Furthermore, our clients will benefit from an expanded suite of services and an even higher level of support. We are confident that this acquisition will preserve and enhance the culture of excellence that RGS is known for.”
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