Firstsource Solutions to acquire American Recovery Services for $53m.

Firstsource Solutions, a provider of business process management services, agreed to acquire American Recovery Services, a collection agency, for $53m. “Firstsource is a leader in consumer debt receivables management and the acquisition of ARSI adds a top-notch legal network; we can now provide a broad platform and one-stop shop to large financial institutions and the burgeoning fintech market. We are delighted to welcome ARSI to the Firstsource family,” Vipul Khanna, Firstsource Solutions CEO.