CBV Collection Services Ltd. Acquires Primary Financial Services - Marks New Stage in Company Growth

Dec. 12, 2011 - PRLog -- Vancouver, BC - CBV Collection Services Ltd. (“CBV”), announced today that it has acquired Phoenix-based Primary Financial Services, LLC (“Primary”). The acquisition marks an important milestone in achieving CBV’s targeted growth strategy. Expansion into the US marketplace is a significant element of CBV’s objective to be the leader in North American Accounts Receivable Management (“ARM”) solutions.

With the acquisition of Primary, CBV is well-positioned to strengthen its alliances with strategic clients and creditors selling debt portfolios. Primary is a top-performing national collection agency, and provides services for major financial institutions in the areas of student loans, credit card, lines and loans, commercial and most recently debt purchasing.

CBV is pleased that the Primary management team, led by Robert Hutton and Casey Middleman, will continue in their roles of providing best-in-class results that have been delivered to Primary’s clients since its founding in 1996. CEO of CBV, Bob Richards, added, “The people at Primary were key factors in finalizing a decision surrounding the acquisition. We have aligned ourselves with a team that shares the same vision, culture and goals. We believe that these shared values will be of significant benefit to existing and future clients across North America.”

CBV worked with Greenberg Advisors, LLC (“Greenberg”), who advised CBV regarding strategic approach and continued their services during the negotiation and execution stages of the acquisition. Brian Greenberg was particularly adept at identifying suitable businesses that may not have been actively for sale, and bringing them to the table.

About CBV Collection Services Ltd.
CBV Collection Services Ltd. (http://www.cbvcollections.com) is a leading ARM company headquartered in Vancouver BC, with offices across Canada and in Phoenix, Arizona. Founded in 1921, the company has a longstanding reputation as a leading provider of ARM services for numerous prominent blue-chip customers and government institutions. CBV uses its strong management team, leading edge technology and skilled team members to develop solutions and generate top returns for clients through ethical and responsible collection practices. CBV offers best-in-class ARM solutions and is well positioned to assist creditors with managing increased consumer debt and outsourcing of accounts receivable management services.

About Primary Financial Services
Primary Financial Services (www.primaryfinancial.com) is a top-performing ARM firm that has an expert understanding of debt collection. Primary is a national collection agency, and provides services for major financial institutions in the areas of student loans, credit card, lines and loans, commercial and most recently, debt purchasing. Located in Phoenix and licensed across the United States, Primary consistently achieves best-in-class results. Major components of Primary’s success include hands-on management, a professional and dedicated staff, and customized, state-of-the art technology.

About Greenberg Advisors
Greenberg Advisors, LLC (http://www.greenberg-advisors.com) provides value-added strategic advice to clients in the Accounts Receivable Management and related Specialty Finance sectors worldwide. They offer market-leading advisory services focused on M&A, Capital Raising, and Valuation, as well as a variety of analytical and planning services to assist clients in understanding and enhancing the value of their business.

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CBV is a leading Accounts Receivable Management company with offices across Canada and in Phoenix, AZ. The company has a longstanding reputation as a leading provider of ARM services for blue-chip customers and government institutions.