Corporate Advisory Solutions (CAS) Facilitates Landmark Merger of Two Nearly Century-Old Accounts Receivable Management (ARM) Industry Leader

Philadelphia, PA – January 15, 2024Caine & Weiner (C&W) and BARR Credit Services (BARR), two accounts receivable management firms with over 90 years of industry tenure individually, today announced their strategic merger. The combined organization will leverage six strategic locations to deliver an expanded suite of services including commercial and consumer collections, first-party outsourcing, commercial letter writing, global receivable solutions, credit services, attorney forwarding services, and specialized legal support through an affiliate law firm.

The merger brings together leadership teams who have maintained close professional relationships spanning more than two decades, collaborating on industry initiatives and sharing best practices throughout their careers. The transaction preserves BARR Credit Services’ established brand identity as it becomes BARR Credit Services, a Caine & Weiner Company. BARR’s Executive Leadership team and management will continue to lead their operations, ensuring continuity of service while gaining additional resources through C&W’s support.

Nick Ciabattone, Director at Corporate Advisory Solutions, provided details on CAS’ involvement in the process, stating, “It was enjoyable working in a collaborative fashion with the management teams at both C&W and BARR. It became clear through each discussion that there is a strong cultural fit and logical combination between the two organizations, and we are looking forward to seeing the future of the joint business”.

The merger of these two businesses emphasizes the continued trend of M&A activity within the ARM sector, as companies combine forces to enhance scale and capabilities to better serve their clients. This trend is being driven by digital transformation, evolving client demands, advancements in technology as well as the drive for more comprehensive and integrated solutions.

If you would like to confidentially discuss strategic plans for your business or market trends impacting the tech-enabled outsourced business services sector, please reach out to Michael Lamm ([email protected]) or Nick Ciabattone ([email protected]) to discuss.

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About Corporate Advisory Solutions

Corporate Advisory Solutions (CAS) is an independent investment and merchant banking firm based in Philadelphia and Washington, D.C., specializing in M&A, valuation, and strategic advisory services for the Global Outsourced (tech-enabled) Business Services (OBS) sector. The CAS team brings over 40 years of combined M&A, valuation, exit prep, and strategic advisory experience to every engagement, and its members have successfully completed over 140 transactions representing more than $2.5 billion in deal value within these core markets.

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CAS publishes a quarterly newsletter highlighting deal activity and macroeconomic trends within the OBS sector. Securities offered through Finalis Securities LLC Member FINRA / SIPC. Corporate Advisory Solutions and Finalis Securities LLC are separate, unaffiliated entities.

About Caine & Weiner

Since 1930, Caine & Weiner has established a tradition of providing effective and comprehensive solution-based collection services to some of the most renowned companies in the nation. The Company operates out of 4 locations across the United States. Caine & Weiner continues to honor its rich history, being recognized as one of the oldest and most trusted names in accounts receivable management today. Embracing both tradition and innovation, C&W continues to set the standard by utilizing innovative technology solutions to drive cash-to-receivable pipelines and by enhancing cash flow and business growth throughout diverse industries.

About BARR Credit Services, Inc.

BARR Credit Services is a global accounts receivable firm, specializing in commercial B2B solutions for first-party AR outsourcing, third-party accounts recovery and industry credit group services. The company was created in 1933 with the establishment of The Bessenbacher Company in Kansas City, Missouri. Meanwhile in Tucson, Andersen Randall & Richards (AR&R) began offering sophisticated first-party and third-party collections in 1998. BARR (Bessenbacher, Andersen, Randall & Richards) Credit Services is the result of bringing together two successful companies in 2016.

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