Trivest Partners, a Miami, FL-based private investment firm, acquired ABC-Amega, a Buffalo, NY-based provider of commercial debt collection solutions for business-to-business clients around the world.
The amount of the deal was not disclosed.
The acquisition expands the capabilities of BII Services Corp, a holding company formed by Trivest to build a premier provider of commercial order-to-cash management solutions.
BII’s first acquisition was AG Adjustments in March 2019, which is exclusively focused on third-party commercial debt recovery. In October 2021, the company acquired TranSubro, an insurance subrogation company, and D&S Global, a technology-enabled, international order-to-cash services provider in February 2022. After the ABC-Amega acquisition, the company has approximately 700 employees serving over 1,000 customers across all industries from locations in the US, Colombia, Brazil, Romania, Italy, India, Singapore, and South Africa.
Led by CEO David Herer, ABC-Amega specializes in commercial accounts receivable management with proprietary technology and experience operating globally. It will operate as its own entity with the current executive leadership still leading the organization, including President, Paul Catalano and Chief Financial Officer, Robert States.
FinSMEs
16/08/2023