Consolidated Asset Recovery Systems Inc.
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Consolidated Asset Recovery Systems Inc. - overview
Established
2005
Location
Raleigh, NC, US
Primary Industry
Software
About
Consolidated Asset Recovery Systems Inc. is engaged in asset recovery and repossession management, providing essential services that assist financial institutions in efficiently recovering collateral across the U. S. Founded in 2005, Consolidated Asset Recovery Systems Inc.
operates from Raleigh, US, focusing on repossession services. The firm has completed a total of 3 deals, enhancing its operational reach. The current CEO, Steve Norwood, leads the company in this specialized sector. Consolidated Asset Recovery Systems Inc.
specializes in outsourced repossession management and skip tracing services for lender clients throughout the United States. The company utilizes a nationwide network of certified repossession agents to ensure efficient recovery of assets, primarily serving automotive lenders. Their services are tailored to client needs, enhancing asset management efficiency and reducing costs for financial institutions. In the most recent year, 2017, Consolidated Asset Recovery Systems Inc.
reported revenue of USD 45. 70 mn, generated through service agreements with financial institutions, focusing on asset recovery and skip tracing solutions. Consolidated Asset Recovery Systems Inc. plans to expand its service offerings and geographic reach following its acquisition by TPE Boulder, with specific details on new product launches and targeted markets yet to be disclosed.
The recent funding from TPE Boulder will support these initiatives, although financial terms were not disclosed.
Current Investors
Kinderhook Industries, Primeritus Financial Services, Inc., TPE Boulder
Primary Industry
Software
Sub Industries
Credit Collections & Services, e-Financial, Web Applications, Analytics & Performance Software, Accounting/Finance Software
Website
www.ez-recovery.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Consolidated Asset Recovery Systems 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Consolidated Asset Recovery Systems Inc. | - | ||||||||
| Buyout | Completed | Consolidated Asset Recovery Systems Inc. | - | ||||||||
| Buyout | Completed | Consolidated Asset Recovery Systems Inc. | - |
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