NASHVILLE, Tenn., Feb. 15, 2017 /PRNewswire/ -- Primeritus Financial Services, Inc. – the leading provider of recovery management, skip tracing, and remarketing services to the auto finance industry in the U.S. – today announced the acquisition of Global Investigative Services, LLC (GIS). Based in Rockwall, TX, GIS was founded by Greg Hill and partner Danny Tolbert and provides vehicle skip tracing services, equipment recovery and investigative services to the finance community.
"When we look at potential acquisition targets, companies must meet a high standard of managerial, financial and compliance benchmarks. In this case, GIS easily met all of them," said Scott Peters, President and CEO of Primeritus. "This transaction allows us to broaden our service offering and customers served."
"GIS has established itself as a strong player in the skip tracing and heavy equipment recovery arena and we look forward to working with their team to continue to drive innovation, compliance, efficiency as well as best-in-class service for Primeritus' and GIS' clients," said Chris McGinness, SVP of Operations for Primeritus. "Primeritus has made a concerted effort to grow in the credit union space and the acquisition of GIS will complement this side of our business nicely."
"We are delighted to join Primeritus which is the leader in the recovery, skip tracing, and remarketing services industries," said Greg Hill, President of GIS.
"We welcome the entire GIS team and their clients into the Primeritus family of Companies," said Peters.
About Primeritus Financial Services:
Primeritus Financial Services is a national provider of repossession management, remarketing, title services and skip tracing services to the auto finance industry in the U.S. and Puerto Rico. Primeritus Financial Services provides clients with value-added, outsourced repossession management and skip tracing services, leveraging a national network of certified agents and unique investigative techniques to quickly and reliably secure customers' collateral. Through leadership, service and performance, Primeritus Financial Services offer the trifecta of repossession services: locate, recover and remarket. For more information on Primeritus Financial Services, please visit www.primeritus.com.
About Global Investigative Services:
Established in 1997, Global Investigative Services, LLC has been an industry leader assisting insurance companies, banking and financial institutions, as well as legal support for attorneys. We offer a nationwide coverage area and customized service plans available to fit each client's needs, offering superior service and performance.
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SOURCE Primeritus Financial Services, Inc.