M&A Deal Summary

Resolvion Acquires Del Mar Recovery Solutions

On November 11, 2019, Resolvion acquired financial services company Del Mar Recovery Solutions from TZP Group

Acquisition Highlights
  • This is Resolvion’s 3rd transaction in the Financial Services sector.
  • This is Resolvion’s 3rd transaction in the United States.
  • This is Resolvion’s 1st transaction in California.

M&A Deal Summary

Date 2019-11-11
Target Del Mar Recovery Solutions
Sector Financial Services
Buyer(s) Resolvion
Sellers(s) TZP Group
Deal Type Merger

Target

Del Mar Recovery Solutions

Carlsbad, California, United States
Del Mar Recovery Solutions, Inc. is a provider of a comprehensive range of automotive asset recovery and repossession management services to automotive lenders including banks, credit unions, title lenders, captive lenders, and specialty finance companies. Del Mar Recovery Solutions was established in 2011 and is based in Carlsbad, California.

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Buyer(S) 1

Buyer

Resolvion

Charlotte, North Carolina, United States

Category Company
Founded 1996
Sector Business Services
DESCRIPTION

Resolvion is a provider of automotive asset recovery and repossession services and leverages a network of over 750 contracted and licensed repossession agents. Resolvion was established in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 3 of 3
Type: Merger M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Consumer Financial Services

Shelton, Connecticut, United States

Consumer Financial Services is a provider of secured commercial lenders and original equipment manufacturers nationwide with a variety of highly tailored debtor identification, account negotiation, and collateral recovery services.

Buy -

Seller(S) 1

SELLER

TZP Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TZP Group is a private equity firm focused on the business and consumer services sectors. Specific areas of interest include franchising, outsourced business, and IT services, marketing and media services, travel content and distribution, real estate services, specialty finance, and consumer health services. TZP looks to invest $10 to $130 million in for minority or minority positions in profitable companies with at least $10 million in revenue. TZP Group was formed in 2007 and is based in New York, New York.


DEAL STATS #
Overall 8 of 21
Sector: Financial Services M&A 1 of 2
Type: Merger M&A Deals 1 of 3
State: California M&A 1 of 2
Country: United States M&A 8 of 19
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Global Employment Solutions

Littleton, Colorado, United States

Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Knix

Toronto, Ontario, Canada

Knix is a direct-to-consumer intimate apparel brand that is re-inventing intimates for real life. Knix was founded in 2012 and is based in Toronto, Ontario.

Buy -