McColl Partners, LLC acted as financial advisor to the shareholders of Enhanced Recovery Corporation (“ERC”) in the formation of Enhanced Recovery Company, LLC, a joint venture with RLJ Equity Partners, LLC (“RLJ”). The joint venture will make Enhanced Recovery Company, LLC the largest minority-owned collections agency in the United States. This transaction will enable ERC to continue to deliver industry-leading service to a broad array of clients through the utilization of a state-of-the-art technology platform to deliver accounts receivable and collection services for the bankcard, retail, cellular, landline, overdraft, cable, utility, home equity lines of credit, and auto sectors.
About Enhanced Recovery Corporation
Headquartered in Jacksonville, Florida, and with additional offices in Orange Park, Florida and Waycross, Georgia, ERC is one of the fastest growing accounts receivable management companies in the United States. ERC employs over 900 people and provides collection services to an extremely diversified base of clients encompassing a broad range of asset classes and account segment types. With significant scalability in the areas of facility and data resources, ERC is able to accommodate growth without putting undue strain on its infrastructure. The company is ISO 27001 certified and has won numerous “collection agency of the year” awards from several blue-chip clients.
About RLJ Equity Partners, LLC
RLJ Equity Partners, an affiliate company of The RLJ Companies, was formed through a strategic alliance with The Carlyle Group, one of the world’s largest private equity firms with more than $85 billion under management. RLJ Equity Partners is a middle-market private equity firm that focuses on generating long-term capital appreciation through investments in profitable businesses where it is able to partner with proven management teams to enhance value and growth through a combination of strategic capital and operational insight.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction, please contact Jamie Lewin at (704) 333-0525. More information about McColl Partners can be found at www.mccollpartners.com.
