Altus Receivables Management, Inc.
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Altus Receivables Management, Inc. - overview
Established
1994
Location
Metairie, LA, US
Primary Industry
Financial Services
About
Altus Receivables Management, Inc. is a US-based firm specializing in efficient B2B debt collection services, helping businesses recover outstanding debts through innovative solutions and expert strategies. Founded in 1994 and headquartered in Metairie, US, Altus Receivables Management, Inc. specializes in B2B debt collection.
The company was acquired in March 2020 by Brown & Joseph, LLC from NewSpring Capital, Evergreen Industries, and Spring Capital Partners. CEO Mike Baldwin leads the company, focusing on enhancing its operational capabilities. The company has completed 2 deals to date. In September 2025, Astira Capital Partners acquired Altus Receivables Management, Inc.
from ARM Strong Receivables Management, Inc. and BharCap Partners. ALTUS Commercial Receivables provides B2B debt collection services, including first-party collections to bolster clients' internal capabilities and third-party collections utilizing their extensive resources. They also offer accounts receivable management, legal services for litigation cases, and Business Credit Intelligence Reports to assess potential credit risks.
Their services cater to diverse industries, including manufacturing, retail, and services, across the US and Canada, leveraging advanced technology to optimize recovery rates while maintaining client relationships. ALTUS Commercial Receivables generates revenue through service fees from its collection activities, structured around the volume of accounts placed for collection. Their proprietary ARM STRONG™ platform enhances transparency and efficiency, allowing clients to track progress in real-time. The firm’s Business Credit Intelligence Reports further support clients in making informed credit decisions, adding value to their financial management processes.
Following the acquisition in March 2020, Altus Receivables Management, Inc. is poised for strategic growth. The company aims to expand its operations into new markets in Canada and the northern US by 2023. Recent funding will be allocated towards developing new product offerings and enhancing their technology platform to improve overall service delivery.
Current Investors
Incline Equity Partners, ARM Strong Receivables Management, Inc.
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services, Accounting/Finance Software, Systems Management Software
Website
www.trustaltus.com
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Altus Receivables Management, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Secondary Buyout | Completed | Altus Receivables Management, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Altus Receivables Management, Inc. | - | ||||||||
| Buyout | Completed | Altus Receivables Management, Inc. | - |
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