M&A Deal Summary

iQor Acquires The Receivable Management Services

On November 1, 2010, iQor acquired financial services company The Receivable Management Services from Eureka Equity Partners and Incline Equity Partners

Acquisition Highlights
  • This is iQor’s 1st transaction in the Financial Services sector.
  • This is iQor’s 1st transaction in the United States.
  • This is iQor’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2010-11-01
Target The Receivable Management Services
Sector Financial Services
Buyer(s) iQor
Sellers(s) Eureka Equity Partners
Incline Equity Partners
Deal Type Add-on Acquisition

Target

The Receivable Management Services

Bethlehem, Pennsylvania, United States
The Receivable Management Services Corp. (RMS) is a provider of commercial collection services in North America and among the ten largest collection agencies in the world. RMS also provides several types of commercial receivable management services, including total outsourcing solutions, third party collections, customer verification and profiling, to thousands of corporate clients.

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Buyer(S) 1

Buyer

iQor

Fort Lauderdale,, Florida, United States

Category Company
Founded 2007
Sector Business Services
DESCRIPTION

iQor is a provider of business process outsourcing and product support services. iQor partners with many of the world's best-known brands to deliver solutions spanning the consumer value chain, from customer care and receivables management to product diagnostics and repair services. iQor was founded in 2007 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 2
Country (United States) 1 of 2
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-29 HardMetrics

Doylestown, Pennsylvania, United States

HardMetrics is a provider of Enterprise Business Analytics & Reporting. The Company specialize in optimizing sales, service and operations by transforming Enterprise data into actionable information that drives profitability, improves efficiency, and enhances customer satisfaction. HardMetrics was founded in 2003 and is based in Doylestown, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 11 of 23
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 5 of 12
State (Pennsylvania) 8 of 9
Country (United States) 11 of 23
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-13 NetBoss Technologies

Sebastian, Florida, United States

NetBoss Technologies, Inc. provides an end-to-end portfolio of right-time correlated Network Analytics and OSS to communication service providers, improving their operational efficiency and quality of service by putting their customers at the heart of their organization. Providing precise and actionable “anywhere, anytime” information on networks and associated services as well as customer experience, their products ensure revenue is protected through improved end-user quality of experience. NetBoss Technologies has hundreds of installations worldwide addressing the telecommunications, utilities, government, and public safety industry segments and is an active TeleManagement Forum member supporting open standardsbased solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-14 Campus Televideo

Stamford, Connecticut, United States

Campus Televideo is the nation’s provider of cable television, data, and other telecommunication services to the college and university market. Campus Televideo specializes in turnkey solutions for the design, installation, programming, and maintenance of integrated video and data networks for educational institutions that seek to control and customize their campus offerings.

Buy -
SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 9 of 39
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 5 of 11
State (Pennsylvania) 3 of 5
Country (United States) 9 of 38
Year (2010) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 DecisionQuest

Torrance, California, United States

DecisionQuest is a litigation support services firms, specializing in trial consulting, demonstrative exhibits, courtroom technology and social media analysis. DecisionQuest was founded in 1991 and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Environmental Express

Charleston, South Carolina, United States

Environmental Express is a developer, manufacturer and distributor of environmental laboratory equipment and consumable supplies for commercial, governmental, industrial and academic laboratories worldwide. The company provides an entire range of laboratory products used in applications such as water/wastewater analysis, oil and grease analysis, metals analysis and hazardous waste analysis. We pride ourselves on providing innovative products, superior technical support, knowledgeable customer service and same day shipping.

Buy -