AMBLER, Pa., Nov. 16, 2016 /PRNewswire/ -- Radius Global Solutions LLC ("RGS"), a global technology-enabled provider of end-to-end accounts receivable and customer relationship management solutions, announced today that it has merged with Northland Group Inc. ("NGI"), a Minneapolis, MN-based provider of accounts receivable and customer relationship management solutions primarily to the financial services sector. Immediately following the transaction Northland Group will operate as a business unit of RGS.
Commenting on the transaction, Michael J. Barrist, Chief Executive Officer of RGS stated, "Through their culture of compliance, superior technology-enabled analytics and their focus on protecting their clients' brands, Northland has become a leading provider of ARM and CRM solutions within the financial services sector. We are most excited about leveraging Northland's platform to identify and match key consumer attributes with the optimum treatment method in order to achieve the best results with minimum consumer interaction. The addition of Northland's analytical capabilities with Radius' global footprint and virtualized technology, truly positions us to achieve our client's long-term objectives." Stifel, Nicolaus & Company, Incorporated served as financial advisor to Radius Global Solutions LLC.
Lance Black, President of NGI, further stated, "We are truly excited about this merger with RGS and eager to expand our capabilities and benefits to our customers and team members. Both companies have passionate employees who are committed to compliance, technology and innovation. Working together with forward thinking industry veterans will bring new opportunities for us all." Robert W. Baird & Co. acted as financial advisor to Northland Group Inc.
RGS provides end-to-end accounts receivable and customer relationship management solutions through advanced technology that allows a variety of clients in the financial, government, education, healthcare, utilities, telecom, travel and commercial sectors with the flexibility to meet their financial and operation goals while maintaining their brand.
Founded in 1982, Northland Group provides business process outsourcing services focused on accounts receivable management and collection services for national credit grantors. Our proven performance helps our customers increase profitability and dramatically improve recovery rates while preserving the relationship with the consumer.