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Resort
Management Receivables, Inc., a debt collection agency servicing resort
and timeshare companies, was recently sold to EMCC, Inc. EMCC is a
consumer debt purchaser headquartered in Pembroke, MA.
The
acquisition is one of the first examples of a debt purchaser crossing into
third party contingency collection by acquiring an agency. The deal was
managed by Brian Greenberg, of Kaulkin Ginsberg Company. Ginsberg said,
“We expect to see more debt purchasing companies acquire collection
agencies to expand their collection capacity, increase their yield on
purchased portfolios, and add contingency services as a revenue stream.
Over the past few years, we’ve seen a number of companies in related
industries, such as telemarketing and banking, acquire agencies and it
appears that debt purchasers are now taking an interest as well.”
EMCC
plans to grow RMI internally through expanded sales efforts and will
likely channel some of its purchased paper through the company as well.
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