H.I.G. Capital Portfolio Company NARS Acquires Accounts Receivable Management Firm
MIAMI, November 9, 2011 /PRNewswire/ --
H.I.G. Capital portfolio company, NARS (National Asset Recovery Services, Inc.), has acquired Integrity (Integrity Financial Partners). Integrity is a leader in third-party debt collection services and has a diverse, blue chip client base.
Chris Buehrle, NARS CEO, commented that Integrity is a rapidly growing accounts receivable management (ARM) firm and has a proven track record as a leading provider to the world's largest and most demanding blue chip clients. Integrity's talented group of managers, led by Chairman A.L. Summerlin and President Nick Petrini, will complement the outstanding team NARS has assembled.
Integrity Chairman A.L. Summerlin stated that the Company will leverage NARS' resources and experience to continue its track record of growth. NARS' solid management team, strategic footprint, and proven operating strategy were strong considerations for Integrity. Summerlin is confident that NARS can help the Company capitalize on its next stage of growth.
Nick Petrini will continue as the President of Integrity and other key members of the Integrity management team will retain their current roles. The company's three current domestic sites will continue to operate under the Integrity name and add depth to NARS' current ARM operations. The acquisition will increase NARS' domestic footprint to eight call centers.
H.I.G. Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.
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SOURCE H.I.G. Capital