Announced

Completed

Trivest-backed Cadex completed the acquisition of Receivables Control Corporation.

Synopsis

Trivest-backed Cadex, a building the premier provider of commercial order-to-cash management solutions, completed the acquisition of Receivables Control Corporation, a provider of global commercial debt recovery that offers a comprehensive suite of accounts receivable management solutions, including pre-collections, first-party and third-party collections, commercial asset recovery and liquidations, and consulting services. Financial terms were not disclosed. “I have been blessed to work with the most energetic and loyal group of people at RCC for over 40 years, so entrusting someone with my team and company was emotionally and psychologically challenging, to say the least. Cadex's CEO, John Fisher, is someone I have known for 20 years, so I was able to have frank discussions about the continued growth opportunities presented to RCC as part of Cadex. I needed to find a well-respected and well-managed buyer who aligned with RCC's values. I found that with Cadex and Trivest, and I could not be more excited about the future of the RCC team," Luke Vidor, RCC President and CEO.

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