Altus Expands Market Position by Strategic Transactions with Two Leading Firms
NEW ORLEANS, LA
Altus GTS Inc., the largest commercial collection agency in North America, announced that by concluding two major transactions in the Southeast the firm has enhanced its dominant regional position.
Following its transaction earlier this year with one of the nation’s leading corporate debt recovery firms, Johnson, Morgan & White, Altus supplemented that acquisition by affiliating with Florida-based commercial collection agency, Aron, Sadowsky & Marks.
With offices covering the U.S. and Canada, Altus (www.trustaltus.com) is North America’s preeminent commercial accounts receivable management company.
“These transactions greatly expand the resources and capabilities of Altus and its network of affiliated agencies to provide corporate clients throughout North America with a broader suite of accounts receivable management services,” said Altus President & CEO Tom Brenan.
“Aron, Sadowsky & Marks joining our growing family of collection agencies will allow us to achieve even higher standards of service to our respective clients,” said Robert G. Cooper, a member of Altus’ senior management team.
The service offerings of the combined firms strategically complement one another with Altus providing back-office support, business process outsourcing, credit reporting, 1st and 3rd-party recovery, and other services that drive costs down and recovery rates up for clients.
Iris Sadowsky, President of Aron, Sadowsky & Marks, Inc., said she and her staff of highly trained credit and collection professionals are thrilled to be part of the growing Altus family of outstanding agencies. Sadowsky is active in industry associations, including having served two consecutive terms on the CLLA Executive Council.